Deals - Europe Headlines

SABMiller rejects AB InBev's $104 billion takeover approach


BRUSSELS - SABMiller , the world's second largest brewer, has promptly rejected an improved offer from bigger rival Anheuser-Busch InBev , saying on Wednesday that its 68 billion-pound ($104 billion) valuation was insufficient.

10:00am EDT

AB InBev continues talks with lenders on jumbo acquisition loan

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.

9:59am EDT

Factbox: SABMiller, from South African gold rush to brewing giant

- 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.

9:58am EDT

AB InBev CEO delays talk of hostile bid for SABMiller


LONDON - Anheuser-Busch InBev Chief Executive Carlos Brito does not want to talk about making a hostile bid for rival brewer SABMiller, saying he hopes shareholders will urge the board to engage concerning the existing offer.

9:57am EDT

Satellite equipment maker COM DEV in advanced sale talks: sources

- COM DEV International Ltd, a Canadian company that has made equipment for more than 80 percent of all commercial communications satellites ever launched, is in advanced talks to sell itself, according to people familiar with the matter.

LetterOne says no plans to buy Telenor's Vimpelcom stake

MOSCOW - Russian billionaire Mikhail Fridman's LetterOne said on Wednesday it had no immediate plans to buy out Telenor's 33-percent stake in mobile operator Vimpelcom that the Norwegian investor has put up for sale.

9:15am EDT

Europe's top asset manager Amundi outlines $8 billion IPO

PARIS - Europe's biggest asset manager Amundi promised to pay out at least 60 percent of net profit in dividends as it outlined plans to raise money for shareholder Societe Generale via an IPO in Paris.

8:47am EDT

Timeline: SABMiller would be culmination of years of deals for AB Inbev

- Anheuser-Busch InBev has approached its biggest rival SABMiller with about a takeover that would form a brewing group producing a third of the world's beer.

8:33am EDT

Nokia's bosses to dominate leadership team after Alcatel deal


HELSINKI - Finnish network equipment maker Nokia said on Wednesday its executives would dominate the new leadership team once it completes its proposed acquisition of Alcatel-Lucent.

Tech, Deals 7:26am EDT

Diageo sells stakes in two brewers to Heineken for $780.5 million


- Diageo Plc , the world's largest spirits company, said it had sold its stakes in Jamaican brewer Desnoes & Geddes Ltd and GAPL Pte Ltd, the majority owner of Malaysia's Guinness Anchor Berhad , to Heineken NV for $780.5 million.

4:58am EDT