
AB InBev Increases Offer for SABMiller After Pound Falls
AB InBev (BUD) - Get Report , the maker of Budweiser, has raised its offer for SABMiller (SBMRY) by 1,000 pence per share to 4,500 pence ($59). AB InBev said that this is the final offer and it won't lift either the cash offer or the partial share alternative again.
The deal is now worth about £73 billion. The acquisition will create the biggest brewer in the world.
The sweetener comes after SABMiller shareholders called for an increased offer due to the significant fall in the pound after the U.K.'s Brexit referendum.
The offer of 4,400 pence a share was made on Nov. 11, more than seven months before the U.K.'s vote to leave the European Union.
The new offer of 4,500 pence represents a premium of about 53% over SAB's closing price of 2,934 pence on Sep. 14, the day prior to renewed speculation of an approach by AB InBev.
For the partial share alternative, the price per share has increased to 5,114 pence per SABMiller share. This represents a 74% premium to the Sept. 14 share price.
SABMiller closed at 4,440 pence a share on Monday in London.









