Born giant beer: SabMiller accepts the offer by AB InBev – Il Sole 24 Ore

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This article was published on Oct. 13, 2015 at 8:47.
The last change is the October 13, 2015 at 24:32.

London – The last raise paid and along the London-Brussels comes as big giant beer: with a dowry of 70 billion pounds, just over $ 107 billion, AB-Inbev impalma Sat-Miller and overthrows AOL-Time Warner in the ranking of the third-largest deal in history.

The “yes” of management is obviously informally until the board to formalize a merger that is the last act of repeated proposals to begin in mid-September when the first rumors had circulated on the financial markets. The offer put on the table a premium of 50% over the course of the title Sab Miller month ago, pricing of the cash amount to $ 44 per share. In fact the operation despite being largely in cash also includes an exchange of shares particularly coveted by the two largest shareholders of the company that controls Peroni and Grolsch.

Altria, the US group’s largest single shareholder with Sat, 27% had already given the go ahead last week when the offer was marginally lower in condition to enter the capital of the new giant. In other words he prefriva an exchange instead of cash just to ensure strong fiscal benefits. It ‘possible that the family has portfolios Santodomingo that about 15% of the brewery opts for mixed solution, cash more actions.

The transaction should be completed by Wednesday of this week to not fall under the rules Rigid panel Takeober British, but the two groups have agreed to move the deadline to the end of October. On finalization of the historic M & A weighs now evaluating antitrust authorities around the globe, given the geographical spread of a giant that occupies the map of the planet and that will control the production and sale of beer in three. If the agreement were to jump because of the regulators or the opposition of the board AB-Inbev, the group Sab Miller will be compensated with three billion dollars.

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