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.
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.
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.
- 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.
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.
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.
- 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.
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.
- 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.
Hillary Clinton sent copies of her book “Hard Choices” to Republican presidential candidates after several of them said they didn’t know what she'd done as secretary of state.