Five Things Everyone Will Be Talking About Today
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AB InBev makes formal offer for SABMiller, China's economy is rebalancing and U.K. unemployment falls again. Here are some of the things people in markets are talking about today.
Anheuser-Busch InBev NV made a formal $107 billion offer to buy SABMiller Plc, with the Budweiser-maker offering GB£44 a share in cash for the majority of the stock, confirming the price agreed upon a month ago. Shares in SABMiller rose 2.80 percent to £40.88 at 10:22 a.m. in London. In other brewing news, shares in Carlsberg A/S rose as much as 8.7 percent in Copenhagen after the beer-maker announced a cost-cutting plan which will see it shed about 2,000 employees.