Pursuits
AB InBev, SABMiller Reach Agreement on Acquisition
- Takeover of Peroni maker would be largest in U.K. history
- SABMiller to get $3 billion fee if regulators block deal
Everything You Need to Know About SABMiller in 60 Seconds
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Anheuser-Busch InBev NV closed in on the biggest corporate takeover in U.K. history after proposing to pay almost $106 billion for SABMiller Plc to create a brewer selling one in every third beer worldwide.
The maker of Budweiser agreed to pay 44 pounds a share in cash for a majority of the stock, the companies said Tuesday. SABMiller said its board is prepared to recommend the offer, as shares in the target rose 9 percent in London. A successful takeover would give AB InBev beer brands such as Peroni and Grolsch and control of about half of the industry’s profit.