SABMiller says it will study the proposed purchase of AB InBev

The British Brewer SABMiller said Wednesday it will study the proposal of purchase made by its main rival, the belgo-Brazilian Anheuser-Busch InBev, to 42.15 pounds per share, but indicated that already rejected another offer similar by considering it as too low.
In a statement to the London Stock Exchange, SABMiller confirms it has received a new approach of AB InBev and that the company's Board of Directors will consider the proposal as soon as possible.
However, the British brewery, emphasized that the new offer, which was not fixed just 0.15 pounds is definitely superior to another proposal made by AB Inbev on day 5 October. At the time, the Belgian-Brazilian company offered 42 pounds per share.
ADVERTISEMENT
In the note, SABMiller explains that, previously, the AB Inbev had already made a purchase proposal "opportunistic" in particular the day September 22, when proposed 40 pounds per share, also rejected because it was deemed insufficient.
AB Inbev, the world's leading brewing industry, today announced the new proposed purchase of SAB Miller, in offering the £ 42.15 per share and another alternative to the partial acquisition of 41% of rival titles.
In a statement, SABMiller explains that rejected the two previous proposals because they "substantially subvalorizavam" the company and its growth potential.
In particular, the British company is suspicious of the proposal for the partial acquisition of shares-which in principle would give preference to its two major shareholders, the Altria Group and the BevCo, which has 40%-because it considers that offers little value and that the titles would not be quoted on the stock exchange.
"The Board (of Directors) is confident that the team of direction of SABMiller can achieve a sustainable value to shareholders through its solid differentiated strategy," says the note.