A-B InBev questions SABMiller rejection, may be near price ceiling

Many observers believe Anheuser-Busch InBev’s desired acquisition of SABMiller is still possible, and even likely, after SABMiller rejected a $104 billion buyout bid from the world’s largest brewer. But some analysts say A-B InBev might be nearing its maximum offer price for SABMiller, the world’s No. 2 brewer.

After London-based SABMiller rebuffed A-B InBev’s latest offer — and first public bid — executives from A-B InBev said Thursday that the rejection lacked credibility.

A-B InBev, the Belgian parent company of St. Louis-based Anheuser-Busch, issued a statement saying it was surprised by the denial because its offer price per share was 44 percent higher than SABMiller’s share price was in September, before renewed speculation about a takeover emerged.

A-B InBev also pointed out that Altria Group, which owns 27 percent of SABMiller and has three representatives on the company’s board, has expressed support for a merger.

Read more from the St. Louis Business Journal and the St. Louis Post-Dispatch

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