Anheuser-Busch InBev sweetens cash offer for SABMiller

Anheuser-Busch InBev raised its $100 billion-plus bid for rival brewer SABMiller on Tuesday after a slide in the value of the pound following the Brexit vote made the offer less attractive for many investors, threatening to derail the deal.

SABMiller said its chairman talked with his counterpart at A-B InBev on Friday about the offer in the light of exchange rate volatility and market movements, although they did not discuss the new terms.

The world’s largest brewer will now offer 45 pounds a share for its nearest rival, an increase from the 44 pounds announced in October last year.

The offer values SABMiller at around 79 billion pounds ($103.6 billion).

Read more: St. Louis Post-Dispatch, Bloomberg


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