Pursuits
AB InBev Approaches SABMiller in Record Industry Combination
- SABMiller shares jump 20% after disclosing takeover approach
- Acquisition would be biggest in brewing industry history
AB InBev, SABMiller Brew a Potential Beer Blockbuster
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Anheuser-Busch InBev NV said it intends to make an offer to acquire SABMiller Plc in a deal that would unite the world’s two biggest beermakers and control about half the industry’s profit.
SABMiller gained 20 percent, boosting its market value to about 58 billion pounds ($90 billion), and AB InBev rose 6.4 percent. While no offer has yet been made, SABMiller is open to discussing a transaction with its bigger rival, according to people with knowledge of the matter. Both companies acknowledged the overture in public statements.