Anheuser-Busch InBev Agrees to Buy SABMiller
AB InBev will offer most SABMiller shareholders $67.59 per share for the maker of Miller Lite, Pilsner Urquell and Peroni, a premium of roughly 50 percent over the share price before acquisition rumors started flying.
The two biggest shareholders -- Altria and Colombia's Santo Domingo family -- will have to opt for a cash and shares alternative worth $60 a share. Altria, a U.S.-based cigarette maker, had been pushing SABMiller's board to make a deal with AB InBev.
The companies described the agreement, which must be approved by regulators, as a "possible deal." SABMiller's board members have indicated they will recommend the offer to shareholders. If the deal falls apart, AB InBev will pay a $3 billion penalty to SABMiller.
If completed, it would be the biggest beer deal ever and among the top five acquisitions of all time. Click here for the full article from CNN Money.