Anheuser-Busch Inbev Gets Sabmiller

SABMiller has recommended the latest takeover offer from Anheuser-Busch for £44 per share. The move values SAB around £68BN. Running alongside the cash per share aspect is a partial share alternative, available to SAB's two largest shareholders, of 0.484 ABI shares plus £3.78 in cash for each share. Altria Group, which owns 27% of SAB, had already backed AN InBev's first proposal, with BevCo, the investment arm of Colombia's Santo Domingo family, previously resisting putting its 14% holding behind the takeover.