20 companies potentially affected by ABISAB; continue to own SAB given likelihood of deal
Still a gap between implied deal price and current share price
There still remains a significant discount (21%) between the current SABMiller share price and the potential bid price of GBP 45 a share
SABMiller (Buy) – continue to own
ABI (Neutral) – remain on the sidelines for now
--> In accordance with Rule 2.6 (a) of the Takeover Code, ABI must either announce a firm intention to make an offer for SABMiller or announce that it does not intend to make an offer by not later than 5pm on 14 October. We would highlight that this deadline can be extended if both sides agree.