SABMiller beats expectations for sales and revenue

LONDON — SABMiller, the brewer being bought by Anheuser-Busch InBev in the industry’s biggest acquisition, reported a gain in third-quarter sales on strong demand in Latin America and Africa.

So-called organic lager volume advanced 3% in the three months through December, the London-based maker of Pilsner Urquell and Castle lagers said on Thursday.

SABMiller and Anheuser-Busch InBev extend takeover deadline

Brewer SABMiller has extended the deadline for rival Anheuser-Busch InBev to make a formal $100bn-plus takeover offer by a week.

 

The two companies said in a statement on Wednesday that London’s Panel on Takeovers and Mergers had granted SABMiller’s request to push back the deadline to 5pm on November 4.

AB InBev makes higher offer for SABMiller

Anheuser-Busch InBev has increased its offer for rival brewer SABMiller to £43.50 a share.

The £67bn ($108bn) is 3.2% higher than the previous bid and 14% higher than its initial offer last month.

It is the third time that InBev has made a higher bid for the company, with previous offers at £38, £40 and £42.15 per share.

Shares in SABMiller rose 0.7% to £36.93 in London following