Subscribe & Follow
Advertise your job vacancies
Trending
Jaguar’s rebrand: creative vision or branding blunder?
Karabo Ledwaba
ABC Q3 2024: A quiet quarter for newspapers
Danette Breitenbach
Jobs
- Customer Service (UK Company) Work from Home Work From Home
- Assistant Store Manager Cape Town
- Retail Store Manager Pretoria
- Store Manager Port Elizabeth
- Country Head - FMCG: Food and Consumables Johannesburg
- Customer Service Team Manager - UK Market Work From Home
- Recruitment Consultant Work From Home
- Marketing Coordinator Cape Town
- Assistant Store Manager - Retail store Johannesburg
SABMiller and AB InBev reach agreement in principle on takeover
SABMiller (SAB) on Tuesday announced that its board had agreed on the key terms of the sweetened potential takeover bid by Anheuser-Busch InBev.
Under the terms of the possible offer, SABMiller shareholders would be entitled to receive £44 per share in cash.
"The board of SABMiller has indicated to AB InBev that it would be prepared unanimously to recommend the all-cash offer of £44.00 per SABMiller share to SABMiller shareholders, subject to their fiduciary duties and satisfactory resolution of the other terms and conditions of the possible offer," the brewer said.
SABMiller has asked the takeover panel to extend the "put-up-or-shut-up deadline", under which AB InBev needs to make a firm offer for it or walk away, to 28 October. The previous deadline was 14 October
Source: BDpro
