More on ABInBev's bid to take over SABMiller

  1. AB InBev makes £68bn offer for SABMiller

[Oct. 7, 2015] AB Inbev is confident that its £68bn offer to buy SABMiller at £42.15 per share – its third after offers of £38 and £40 were rejected – will be accepted by the smaller brewer.

  1. [UPDATE: Oct. 7, 2015]

SABMiller has rejected the offer of £42.15 per share. The board, excluding the directors nominated by its main shareholder, the Altria Group Inc., “unanimously” rejected the proposal as it “still very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects,” the company said.