SABMiller agrees to takeover bid

[MickeyD]

Full article here: http://www.iol.co.za/business/companies/sabmiller-agrees-to-takeover-bid-1.1928958#.VhyuZrOqpBc

London - British brewer SABMiller announced on Tuesday that it had agreed a takeover by Anheuser Busch InBev, the world's biggest beer producer, in a deal worth about £71 billion ($109 billion).

Belgian-Brazilian group AB InBev, the maker of Budweiser and Stella Artois lagers, struck a deal with the maker of Foster's and Grolsch at the fifth time of asking.

“The boards of AB InBev and SABMiller announce that they have reached agreement in principle on the key terms of a possible recommended offer” priced at an improved £44 per SABMiller share, the British group said in a statement to the London Stock Exchange.

 

[Necropolis]

Wow - that's a lot of money

 

[LazyLion]

I'll drink to that!

 

[ToxicBunny]

Will be very interested to see how this plays out...

A company that controls 1/3rd of the international beer market is something I see the EU and the US having a bit of a problem with tbh.

 

[Electron1]

This deal has been brewing for a while.

 

[ThinkCentre]

This deal has been brewing for a while.

Hope it is brewing for the good!

 

[Arthur]

SABMiller has been fermenting for a while now. This should allow them to hop up marketshare.

 

[MrR]

How's this going to affect the JSE?

 

[Vegeta]

What happens to the shares once the merger goes through?

 

[Drifter]

What happens to the price of beer, and will Castle now taste like Heineken?

 

[nfbs]

SABMiller has been fermenting for a while now. This should allow them to hop up marketshare.

You're drunk

 

[JStrike]

What happens to the shares once the merger goes through?

InBev will be listed on the JSE

 

[Vegeta]

What happens to the price of beer, and will Castle now taste like Heineken?

Not a chance, InBev wants what SAB has in terms of the emerging markets. SAB is just more "street smart" if you know what I mean

 

[Vegeta]

InBev will be listed on the JSE

Sure but I have a feeling investors will start sobering up really soon after :/

 

[Arthur]

You're drunk

No. Just foaming at the mouth.

 

[dunkyd]

Nice little jump this morning in share price…….11 % up now settling at 10.7%. Not too shabby thanks. And I don't drink beer

 

[Sneeky]

SABM is dual listed, primarily on the LSE.
Would AB delist it here?

AB listed in Brussels and NYSE

 

[Drifter]

All this finance geek talk is making me light headed.

 

[JStrike]

SABM is dual listed, primarily on the LSE.
Would AB delist it here?

AB listed in Brussels and NYSE

They have already said they will keep a listing on the JSE

 

[Sneeky]

They have already said they will keep a listing on the JSE

PIC must be relieved.