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A-B InBev Boosts Bid For SABMiller
- CNBC, Wednesday, October 7, 2015 8 AM
Brewing giant Anheuser-Busch InBev on Wednesday raised its bid for SABMiller, proposing to buy the group for £42.15 per share in cash and valuing the group at nearly £68 billion ($103.6 billion). The cash proposal represents a premium of approximately 44% to SABMiller's closing share price of £29.34 on Sept. 14. The group said it expected most SABMiller shareholders to accept the higher cash offer.
