Anheuser-Busch Inbev SA (ABI.BR)
BRUSSELS/LONDON - Anheuser-Busch InBev Chief Executive Carlos Brito repeated his appeal to SABMiller shareholders on Thursday, again urging them to push the brewer's board into more serious takeover discussions.
* CEO repeats frustration, says rival's view lacks credibility
BRUSSELS, Oct 8 - Anheuser-Busch InBev Chief Executive Carlos Brito urged shareholders of SABMiller on Thursday to see the value of its 68 billion pound ($104 billion) takeover proposal and not let the UK-based rival's board thwart its advances.
* Has repeatedly offered to share this analysis with SABMiller and its advisers
BRUSSELS/LONDON - SABMiller , the world's second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev , saying its 68 billion-pound ($104 billion) valuation was "very substantially" under par. | Video
* Top shareholder Altria supports offer, No. 2 does not (Adds comments by AB InBev CEO)
(The following statement was released by the rating agency) NEW YORK, October 07 (Fitch) Anheuser-Busch InBev's ongoing pursuit of British-South African beer brewer SABMiller is weighing on the company's credit default swap (CDS) spreads, according to Fitch Solutions in its latest CDS Case Study snapshot. Five-year CDS on Anheuser-Busch InBev have widened out 25% over the past month to price at the widest levels observed in three years. After pricing consistently in line with 'A/A-' levels
(The following statement was released by the rating agency) LONDON/MOSCOW, October 07 (Fitch) Fitch Ratings has placed Anheuser-Busch InBev's (ABI) and SABMiller plc's (SABM) Long-term Issuer Default Ratings (IDR) and senior unsecured ratings on Rating Watch Negative (RWN) following today's announcement by ABI that it has made an offer to take over SABMiller plc. A full list of rating actions is shown at the end of this commentary. The rating action reflects likely higher leverage for both A
LONDON - Anheuser-Busch InBev is continuing talks with its relationship banks about a financing of up to $70 billion to back an improved all-cash proposed bid for SABMiller, after offering just over 68 billion pounds($104 billion)for its largest rival on Wednesday.
- SABMiller, the world's second largest brewer, rejected a revised offer from bigger rival Anheuser-Busch InBev on Wednesday, citing the proposal, which values its equity at up to $104 billion, "very substantially" undervalued the company.
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