10/07/2015 19:35
But first partner for press interviews. Fitch too much debt.
(Il Sole 24 Ore Thomson Financial) – Milan, Oct. 7 – New Chapter
the war between the two top-weights of beer. The number
two global industry, SabMiller also rejected
third offer presented by the number one, Ab Inbev, and that ‘
came to 68 billion pounds, almost 93 billion
euro. The Belgian group – started with 38 pounds, then
raise to 40 – has proposed 42.15 pounds per share,
a premium of 44% over the closing price of
SabMiller September 14, before the spreading of rumors
Public Offering. SabMiller and ‘but’ remained firm on its
positions: according to the board of directors also offer this “underestimates
substantially “the group, considering” its presence
unparalleled “in international markets and its prospects
Development. In the vote, however, the board is not ‘state
quite compact. The main shareholder of SabMiller,
Altria (Marlboro cigarettes), which controls 27% of the
capital, and ‘said contrary to the new rejection and indeed
He urged the council to “engage immediately and
constructively with Ab InBev to agree on terms
an offer friendly “. about the transaction, and ‘also
expressed a negative rating agency Fitch that has
put on credit watch negative both companies’ for
the high leverage that would result from the merger. The agency
It estimated that the consolidated debt would be between 120 and 160
billion. Rages, meanwhile, the duel also
verbal between the two giants. SabMiller ‘and’ the jewel of the
crown of the brewing world. AB InBev has
need SabMiller but made proposals and opportunistic
full of conditions, “said the president of
SabMiller, Jan du Plessis, in motivating the new rejection
Belgian offer. Certainly the merger would lead big
benefits Ab Inbev, opening the doors of Africa and Asia.
“The aggregation lead to a truly global group ..
view the complementarity ‘attendance and geographical
brand portfolio “, said for his part the
Belgian group. In fact the new colossus, which would have a
capitalization ‘monster’ of over 250 billion euro,
It would operate in all the major beer markets, including
the major emerging countries with strong growth prospects.
Ab Inbev, born in 2008 from the merger between the giant Belgian
InBev and American Anheuser-Busch, and ‘the most
producer for market share and has more than 200 brands
beer, including Budweiser, Corona and Stella Artois.
SabMiller, founded in South Africa in 1895, after the aggressive
shopping in recent years in Europe, Asia and Africa ‘
came to conquer brands such as Peroni, Nastro Azzurro,
Grolsch and Pilsner Urquell and is’ very strong in markets
emerging. In China, with a local partner, sells
Snow Beer, the most ‘sold worldwide. If it were
realized, the merger would be the third major operation
financial history, after the one between Vodafone and
Mannesmann in 1999 and Verizon Communications and Verizon
Wireless in 2013. At the Brussels Stock Exchange Ab Inv closed
rising by 0.60% to EUR 98.65, in a market in the light
decline. SabMiller in London closed in advance of 0.30% to
3,633 pence.
Glycol
(RADIOCOR) 07/10/15 19:35:17 (0625) 3 NNNN
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