NEW YORK (TheStreet) -- Anheuser-Busch InBev (BUD) - Get Report shares closed down by 1.76% to $103.86 on Tuesday, as company is said to be in talks with various lenders to raise up to $70 billion as it looks to purchase rival brewer SABMiller, according to Bloomberg.
London-based SABMiller would consider an offer in the 43 pounds to 45 pounds per share range, according to Bloomberg.
Anheuser-Busch InBev is working with up to 10 banks including Bank of America (BAC) - Get Report while Deutche Bank (DB) - Get Report, BNP Paribas (BNPQY) and Societe Generale SA (SCGLY) have also submitted financing proposals.
AB InBev has been in informal contact with SABMiller since the former said earlier this month that it is interested in a merger.
Together the two companies produce about a third of the world's beer with InBev and SABMiller having global market shares of 20.8% and 9.7% respectively, according to TheWall Street Journal.