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

AB InBev and SABMiller ties-up in merger talks

The combined value of the two firms is likely to be at least $230bn (£150bn) based on Tuesday's share price.

AB InBev's brands include Budweiser, Stella Artois and Corona, while SABMiller owns Peroni and Grolsch.

If the deal is successful, the merged company would produce one third of the world's beer.

AB InBev said it had approached SABMiller's board about a "combination of the two companies".

However, it added that there was no certainty the approach would lead to an offer or an agreement.

Earlier, SABMiller said it had been informed that AB InBev was planning to make a bid, but that it had no details as yet.

"No proposal has yet been received and the board of SABMiller has no further details about the terms of any such proposal," the firm said.

 

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