image

Making the most of drinktec

09.09.2017
Your week in Munich is only partially about what's in the exhibition halls ...
read more
image

Exhibitors: what’s hot at drinktec

09.09.2017
There are 1,500 stories to be told. Here are some of the most compelling...
read more

More Features >

image

Three buses

04.02.2016
Genuine marketing innovations are rare - here's three to start '16...
read more
image

20:20 vision: take the over

14.12.2015
Craft beer growth is unstoppable unless definition concerns trip it up...
read more

More Opinions >

Home | News | International | ABI ups SABMiller offer

ABI ups SABMiller offer

Font size: Decrease font Enlarge font
image
Offer conditional on BevCo Ltd accepting partial shares

Share price proposed is now £43.50 in cash

With the UK regulatory-imposed deadline of making an offer by the close of business this Wednesday looming, Anheuser-Busch InBev has once again upped its share price proposal to the board of SABMiller, again seeking their assent to a bid.

Today’s offer increases the per share price to £43.50 in cash, an increase from the £42.15 that was made public on 7th October.

The partial share offer that won over Altria, SABMiller’s largest shareholder with a 27% equity stake, has been restated. However, there’s an important condition. AB InBev says that BevCo Ltd, the holding company of the Santo Domingo family, which became shareholders when SABMiller acquired Bavaria in Columbia back in 2006, must also accept the partial share offer. 

The new offer values SABMiller shares at a premium of 48% over the closing price of £29.34 on 14 September, the last day before speculation was renewed regarding a possible approach by ABI. 

AB InBev is not seeking the SABMiller board’s approval for the partial share offer.


The Beer World Cup

Rate this article
1.00