SABMiller accepts $104 billion AB InBev takeover offer

October 13, 2015 7:21 AM

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SABMiller accepts $104 billion AB InBev takeover offer

BRUSSELS/LONDON SABMiller (SAB.L) accepted a takeover proposal at the fifth time of asking on Tuesday after Anheuser-Busch InBev (ABI.BR), the world's largest brewer, set out a cash and share package worth 68 billion pounds ($104.4 billion).

After repeated rebuttals from its next largest rival, AB InBev said it was willing in principle to pay 44 pounds in cash per SABMiller share, with a partial share alternative set at a discount and limited to 41 percent of the SABMiller shares.

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