Editor’s Picks 13 October 2015 at 6:38 GMT

SABMiller and InBev agree on deal in principle

Dow Jones
SABMiller PLC's board has agreed on the key terms of a sweetened potential takeover offer by Anheuser-Busch InBev NV valuing it at GBP68 billion ($104.5 billion), setting the stage for the world's two largest brewers to combine, Dow Jones reports. After weeks of back and forth, SAB Miller's board has agreed to unanimously recommend to its shareholders AB InBev's proposal to pay GBP44 a share to buy the London-based brewer, marking a 50% premium to its share price on Sept. 14. For 41% of stock, AB InBev is offering a partial-share, essentially a combination of cash and stock translating into a lower per-share price of GBP39.03.
Read full article at Dow Jones

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