Date
27 May 2017
AB InBev has sweetened its takeover offer for SABMiller following the rejection of three previous proposals. Photo: Reuters
AB InBev has sweetened its takeover offer for SABMiller following the rejection of three previous proposals. Photo: Reuters

AB InBev raises offer for SABMiller as deadline looms

Anheuser-Busch InBev, the world’s biggest brewer, has tabled a higher offer for SABMiller ahead of a Wednesday deadline for a formal bid for the smaller rival.

The maker of Budweiser and Stella Artois said on Monday that it will offer 43.50 pounds per share to most SABMiller shareholders, up from the 42.15 pounds proposed last week, Reuters reported.

Under UK takeover rules, AB InBev has until 1600 GMT Wednesday to launch a formal bid for SABMiller.

If the offer is accepted, the deal will be worth about US$103 billion, marking the biggest takeover of a British company.

Monday’s sweetened offer is the fourth, following rejections of cash offers at 38, 40 and 42.15 pounds per share.

SAB declined to comment on the new offer, but a source told Reuters that the board will review the new proposal and respond as appropriate.

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