BRUSSELS: Anheuser-Busch InBev, the world's largest brewer, on Wednesday increased its bid for its largest rival SABMiller to 42.15 pounds per share in cash, valuing the company at nearly 68 billion pounds (US$103.63 billion).
The company said in a statement that it had made two prior offers for SABMiller with the second one at 40 pounds per share.
AB InBev said it believed the offer would be attractive to SABMiller shareholders, adding that it was disappointed the British company had rejected both previous approaches.
The merged group would add Africa and certain Latin American and Asian breweries to AB InBev's large presence across the Americas and bring SABMiller's Peroni, Grolsch and Pilsner Urquell to AB InBev's existing line-up including Budweiser, Stella Artois and Corona.
SABMiller was not immediately available for comment.
For many this would be the end-game of consolidation in brewing with the big four - AB InBev, SABMiller, Heineken and Carlsberg - already present across the globe and brewing more than half of the world's beer. - Reuters
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
