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10-01-2016 LSU Pregame

AB InBev, SABMiller Reach Agreement For Beer Merger

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AB InBev, SABMiller Reach Agreement For Beer Merger

St. Louis, MO  (KTRS)  It’s Miller Time for AB-InBev. The brewing company has reached an agreement with SABMiller. SABMiller accepted AB-InBev’s fourth offer of 106-billion-dollars.   AB InBev announced an agreement in principle with SABMiller to take over the brewer at 44 pounds ($67.63) a share to create the world’s biggest beer giant. The brewer of […]

AB InBev, SABMiller Reach Agreement For Beer Merger

St. Louis, MO  (KTRS)  It’s Miller Time for AB-InBev.

The brewing company has reached an agreement with SABMiller. SABMiller accepted AB-InBev’s fourth offer of 106-billion-dollars.   AB InBev announced an agreement in principle with SABMiller to take over the brewer at 44 pounds ($67.63) a share to create the world’s biggest beer giant.
The brewer of Budweiser and Stella Artois said Tuesday it had increased its offer overnight for the world’s second-largest brewer and that both boards “reached agreement in principle on the key terms of a possible recommended offer.”
AB InBev has been trying for nearly a month to get its hands on SABMiller but its previous offers have met with resistance. On Monday, it was hoping that its latest offer, which valued SABMiller at 43.50 pounds a share – 14 percent higher than its initial offer – would finally win the day but it still upped its offer.

Meanwhile, according to a report from Reuters, the U.S. Justice Department is investigating allegations that AB- InBev is seeking to curb competition in the beer market by buying distributors, making it difficult for fast-growing craft brewers to get their products on store shelves

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