Anheuser-Busch InBev has reached a tentative agreement to pay almost $106 billion for SABMiller in a deal that would bring together the world’s two largest brewers and create a company that sells one in every three beers worldwide.
A-B InBev, the Belgian parent company of St. Louis-based Anheuser-Busch, agreed to pay 44 pounds per share in cash for a majority of London-based SABMiller’s stock. After turning down earlier offers, SABMiller said its board is prepared to recommend the offer.
The purchase would bring brands like Peroni and Grolsch into the fold for A-B InBev, the world’s largest brewer.
For the deal to clear regulatory hurdles, stakes in MillerCoors joint venture in U.S. may need to be sold.