AB InBev Tops up SABMiller Offer After Brexit Shakes
Anheuser-Busch InBev NV raised its bid for British brewer SABMiller Plc to 79 billion pounds ($103 billion), responding to investor concerns about the deal’s structure after the U.K.’s vote to exit the European Union prompted a slump in sterling. SABMiller shareholders will be entitled to receive 45 pounds ($59) a share, AB InBev said in a statement Tuesday, from 44 pounds previously. SABMiller board confirms that on July 22 its chairman had a conversation with the chairman of AB InBev about AB InBev’s offer for SABMiller in light of recent exchange rate volatility and market movements. Source Head of Multi-Asset Research discusses the outlook for mergers and acquisitions with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."