Sunday May 31, 2020

Budweiser’s $106 billion takeover of Miller is biggest deal in UK history

Mega brewer will control half the industry’s profit

12th October, 2015

Anheuser-Busch closed in on the biggest corporate takeover in UK history after proposing to pay almost $106 billion for SABMiller to create a brewer selling one in every third beer worldwide.

The maker of Budweiser agreed to pay £44 a share in cash for a majority of the stock. SABMiller said its board is prepared to recommend the offer, as shares in the target rose as much as 9.4 per cent to £39.62 in London. A...

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