SABMiller May Announce a Soft Drinks Deal Soon, Citi Says
2014-11-17 09:32:13.364 GMT
By Heather Burke
Nov. 17 (Bloomberg) -- SABMiller 1H results were
disappointing, a soft drinks deal may be announced soon, Citi
says in note (neutral).
* Soft drinks are becoming a more strategic part of
SABMiller’s business as tougher to expand beer sales,
especially in emerging mkts, there are fewer future merger
opportunities, its closer relationship with Coke makes a
possible purchase of SABMiller by AB InBev trickier
* AB InBev/SABMiller deal most likely beer M&A
* SABCO, one of Coca-Cola’s biggest African bottlers, may be a
good fit for SABMiller
* Cuts PT to 3,800p vs 3,900p
* NOTE Nov. 12: SABMiller, Coca-Cola to Form New Company in
Africa: Sky News
* NOTE Nov. 14: AB InBev CEO Says He’s Open to Making
Acquisition at Right Price
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To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-11-17 09:32:13.364 GMT
By Heather Burke
Nov. 17 (Bloomberg) -- SABMiller 1H results were
disappointing, a soft drinks deal may be announced soon, Citi
says in note (neutral).
* Soft drinks are becoming a more strategic part of
SABMiller’s business as tougher to expand beer sales,
especially in emerging mkts, there are fewer future merger
opportunities, its closer relationship with Coke makes a
possible purchase of SABMiller by AB InBev trickier
* AB InBev/SABMiller deal most likely beer M&A
* SABCO, one of Coca-Cola’s biggest African bottlers, may be a
good fit for SABMiller
* Cuts PT to 3,800p vs 3,900p
* NOTE Nov. 12: SABMiller, Coca-Cola to Form New Company in
Africa: Sky News
* NOTE Nov. 14: AB InBev CEO Says He’s Open to Making
Acquisition at Right Price
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net