July 22 - 25, 2024
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.