SABMiller Suspends Integration Work for Beer Merger

July 27, 2016 7:38 PM

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SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews its sweetened bid, raising concern about completion of the 79 billion pound ($104 billion) takeover.

AB InBev increased its cash offer for SABMiller Tuesday to 45 pounds per share to blunt a revolt by investors who had seen the relative value of their payout plummet as the pound declined following Britain's vote to leave the European Union.

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