Kulczyk Investments Supports SABMiller's Decision to Reject Bidby
Kulczyk Investments, the fifth-biggest investor in SABMiller Plc, supports the brewer’s decision to reject a $100 billion bid from Anheuser-Busch InBev NV, saying it doesn’t reflect the takeover target’s growth potential.
Some combination with AB InBev could make strategic sense, but the bidder’s current proposal is opportunistic, the firm said on Friday in an e-mail. Kulczyk owns almost 3 percent of SABMiller.
SABMiller, based in London, said earlier this week that AB InBev’s bid substantially undervalues the company.