AB InBev plans takeover bid for SABMiller

September 16, 2015 10:02 AM

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Brace yourself for a giant beer merger.

Anheuser-Busch InBev (AHBIF), the world's largest brewer, is set to make a takeover bid for its biggest rival SABMiller. Combining the two would create a company with a market capitalization of about $276 billion, and annual sales of $55 billion.

Also read: BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

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