Pursuits
AB InBev Gains From Premium Push as SABMiller Deadline Looms
- Revenue to exceed rate of inflation, helped by Michelob Ultra
- Brewer says asset sales not precondition for SABMiller deal
AB InBev 3Q Organic Rev. Growth Beats Estimates
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Anheuser-Busch InBev NV said premium beers such as Michelob Ultra will push sales above its forecast as it works to meet next week’s deadline for submitting a formal $106 billion bid for SABMiller Plc.
Organic revenue will rise faster than inflation, the world’s biggest brewer said in a statement on Friday, having previously predicted that growth will match that of consumer prices. The Budweiser maker said the boost to sales will more than offset a corresponding increase in costs caused by pushing pricier brews.