Pursuits

AB InBev Gets Another Week to Make Formal SABMiller Offer

Deadline has been extended until 5 p.m. London time Nov. 4
Funds for the cash part of proposed $106 billion bid in place

AB InBev And SABMiller Beers On Display
Photographer: Christophe Morin/Bloomberg

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By Paul Jarvis and Thomas Buckley

October 28, 2015 at 7:07 AM UTC

Updated on

October 28, 2015 at 8:03 AM UTC

This article is for subscribers only.

U.K. regulators gave Anheuser-Busch InBev NV another week to make a formal takeover offer for SABMiller Plc as the two brewers move closer to securing the world’s biggest deal this year.

A deadline for the Budweiser maker to bid for its nearest competitor has been extended until 5 p.m. London time on Nov. 4, the companies said in a statement Wednesday. British regulators had previously pushed back the deadline by two weeks, to Oct. 28.