Brewers' merger turns flat as SABMiller rejects AB InBev
British brewer SABMiller on Wednesday rejected a $103-billion takeover offer from Anheuser-Busch InBev, leaving the world's biggest maker of beer to decide whether to return with a fourth bid.
(AFP) British brewer SABMiller on Wednesday rejected a $103-billion takeover offer from Anheuser-Busch InBev, leaving the world's biggest maker of beer to decide whether to return with a fourth bid.
SABMiller, brewer of Foster's lager, said its board had "unanimously rejected" the third offer from Belgian-Brazilian firm AB InBev, insisting it "substantially undervalues" the group.
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