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Oct 13, 2015

SABMiller accepts $104 billion AB InBev takeover offer

BRUSSELS/LONDON (Reuters) – SABMiller (SAB.L: Quote, Profile, Research, Stock Buzz) accepted a takeover proposal at the fifth time of asking on Tuesday after Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz), 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.

Oct 13, 2015

SABMiller accepts 68 billion pound AB InBev takeover offer

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

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.

Oct 12, 2015

AB InBev ups offer for SABMiller as deadline looms

LONDON/BRUSSELS (Reuters) – Anheuser-Busch InBev
raised its proposed takeover offer for SABMiller on
Monday, as the world’s largest brewer tries to win over its
smaller rival to the idea of creating a giant that would make
nearly a third of the world’s beer.

The maker of Budweiser and Stella Artois said it would offer
43.50 pounds per share in cash to most SABMiller shareholders,
an improvement from the 42.15 pounds it put forward last week.

Oct 12, 2015

AB InBev raises offer for SABMiller

LONDON/BRUSSELS (Reuters) – Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz) raised its proposed takeover offer for SABMiller (SAB.L: Quote, Profile, Research, Stock Buzz) on Monday, as the world’s largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world’s beer.

The maker of Budweiser and Stella Artois said it would offer 43.50 pounds per share in cash to most SABMiller shareholders, an improvement from the 42.15 pounds it put forward last week.

Oct 12, 2015

‘Stars aligned’ for AB InBev’s megabrew merger plan

BRUSSELS (Reuters) – Anheuser-Busch InBev’s (ABI.BR: Quote, Profile, Research, Stock Buzz) CEO says a study of SABMiller’s (SAB.L: Quote, Profile, Research, Stock Buzz) African beer markets and talks with top shareholders led to an “alignment of stars” that drew it to its nearest rival.

But observers say the real catalysts for the $100 billion takeover proposal made public on Oct. 7 are a steep fall in SABMiller’s share price, search for growth beyond AB InBev’s declining core Americas markets and a desire not to give SABMiller’s new management enough time to execute a workable defense.

Oct 8, 2015

AB InBev CEO appeals to SAB shareholders for second day

BRUSSELS/LONDON (Reuters) – Anheuser-Busch InBev Chief Executive Carlos Brito repeated his appeal to SABMiller shareholders on Thursday, again urging them to push the brewer’s board into more serious takeover discussions.

The Brazilian boss of Belgium-based AB InBev expressed frustration at the board of its UK rival, continuing a strategy begun on Wednesday, which one analyst called going “hostile lite”, referring to an acquirer putting its terms direct to a target’s shareholders.

Oct 7, 2015

AB InBev makes $104 billion bid for rival brewer SABMiller

BRUSSELS (Reuters) – Anheuser-Busch InBev ABI.BR, the world’s largest brewer, launched an improved offer for SABMiller SAB.L on Wednesday, offering just over 68 billion pounds ($104 billion) for its largest rival to extend its reach into Africa and other markets.

The company said in a statement it was offering 42.15 pounds per SABMiller share, having already made two prior offers at 38 and 40 pounds.

Oct 6, 2015

Europe pressed to hasten U.S. trade deal after Pacific accord

BRUSSELS (Reuters) – A newly forged Pacific Rim trade deal opens the door for Europe to seal its own free trade partnership with the United States but also increases pressure on Brussels to accelerate stalled talks to avoid being left behind.

Twelve countries, including the United States, on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy.

Sep 30, 2015

AB InBev faces delicate balance in structuring SABMiller bid

BRUSSELS/LONDON (Reuters) – A $70 billion debt package being arranged to fund Anheuser-Busch InBev’s (ABI.BR: Quote, Profile, Research, Stock Buzz) takeover of SABMiller (SAB.L: Quote, Profile, Research, Stock Buzz) still leaves the world’s largest brewer with a tricky balancing act in satisfying a range of shareholder camps with different needs.

SABMiller’s two major shareholders face potential capital gains taxes, so may want to get paid in shares – which would conflict with AB InBev’s controlling shareholders’ desire to limit the dilution to their control that would come with issuing new shares.

Sep 24, 2015

EU leaders claim unity regained, pledge aid for Syrians

BRUSSELS (Reuters) – EU leaders pledged at least 1 billion euros ($1.1 billion) for Syrian refugees in the Middle East and closer cooperation to stem migrant flows into Europe at a summit described as less tense than feared after weeks of feuding.

Chairman Donald Tusk said the meeting, which ended early on Thursday after seven hours of talks in Brussels, was “really excellent, for sure much better than we expected”.

    • About Phil

      "I am responsible for Reuters news out of Belgium and Luxembourg, which has led to many long nights outside parliament in Brussels awaiting news of fraught coalition talks and state bailouts of Belgian banks. I have previously worked in London, Amsterdam, where my work included consumer electronics group Philips and the Lockerbie trial, and Berlin, where I covered the Hamburg trials of suspected September 11 conspirators."
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