AB Inbev and SABMiller Agree to Tentative Merger Deal

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The world’s two largest brewers may soon merge into one.

After weeks of courting SABMiller, only to be rebuffed again and again for buy-out proposals deemed too low, AB Inbev has entered into agreement to acquire its chief competitor.

According to reports, AB Inbev is offering approximately $67 per share for SABMiller (up from a previous bid of around $66 per share). This would make the deal worth about $104.2 billion.

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The merger now requires a great deal of regulatory approval. Should the deal fall through, AB Inbev has agreed to pay $3 billion to SABMiller.

The news comes just before a deadline today that would have forced AB Inbev to wait another six months before extending another offer. The accepted proposal was AB Inbev’s fifth attempt to buy SABMiller.

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AB Inbev is best known for its Budweiser and Stella Artois brands.

 

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