SABMiller faces possible USD 122bn offer from Anheuser-Busch but remains undeterred on Heineken – report
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Dutch brewer Anheuser-Busch Inbev is in talks with banks to support what could be a USD 122bn (GBP 75bn) offer for the UK's SABMiller according to the Wall Street Journal.
An article attributed to a source who was not named noted that the Dutch company is considering such an offer on the heels of Heineken’s rebuff yesterday of an offer from the UK brewer. No formal overture would be made until finance was in place, the source said.
Additionally, the WSJ noted that SABMiller may well return to the plate on the Heineken offer, in the words of another unidentified source. The interest from SABMiller is not directly linked to a desire to put off Anheuser-Busch’s from its courtship.
Belgian newspaper l'Echo also reported on the developments and noted that SABMiller stock gained 12% in midday trading on the back of the speculation.
Source Wall Street Journal, L'Echo