Report: SABMiller rejects $100B bid from Anheuser-Busch InBev
SABMiller, the London-based beverage and brewery company, rejected a $100 billion acquisition bid by Anheuser-Busch InBev, Bloomberg News reported Monday.
The offer of about 40 pounds a share was considered too low by SABMiller and the maker of Foster’s and Pilsner Urquell beer is seeking a higher offer, the report said, citing unnamed sources. SABMiller's executives and some shareholders are looking for an offer "closer to 45 pounds" per share, Bloomberg reported.
SABMiller and Anheuser-Busch declined to comment.
In September, Anheuser-Busch confirmed that it had approached SABMiller’s board of directors for a deal to combine the two companies. But Belgium-based Anheuser-Busch, the world's largest brewer, also noted that it may walk away from their talks.
The American depositary receipts of Anheuser-Busch fell 0.38% Tuesday morning to $110.32.
SABMiller shares fell 3.2% Tuesday to 3,643 pence in London.
Follow Paste BN reporter Roger Yu on Twitter @RogerYu_