Be the most informed person in the room with Newsy's free e-newsletter

View our privacy policy:

SABMiller May Have Rejected A Merger Offer Worth 12 Figures

Insiders say Anheuser-Busch InBev's $100 billion takeover offer wasn't good enough for SABMiller.

Insiders say Anheuser-Busch InBev's informal takeover offer to SABMiller hit 12 figures ... and wasn't enough. (Video via Budweiser)

Bloomberg's sources say SABMiller — the maker of Miller, Coors and Foster's — rejected the $100 billion proposal, telling the outlet its executives and shareholders believe $110 billion is a fair deal.

But just because SABMiller rejected the offer, doesn't mean it's not interested. The company released a quarterly update nine days early. It reported a 2 percent increase in sales volumes, mostly from growth in Latin America and Africa.

The early release has been seen as an effort to further attract Anheuser-Busch, rather than push it away.

One chink in SABMiller's armor, though, is a reported 9 percent loss in second-quarter net revenue. Although the company's sales grew in emerging markets, those markets' currencies are weak compared to the dollar right now.

Anheuser-Busch still has another week to seal a deal, but one obstacle beyond making a suitable offer could be significant anti-trust scrutiny.

Together, Anheuser-Busch InBev and SABMiller represent roughly one-third of beer sales across the world.

This video includes images from Getty Images.

Featured Stories
Photos of women who are going to the Women's March on Washington

Here's What You Need To Know About The Women's March On Washington

Donald Trump and Melania Trump

What To Expect On Day One Of The Trump Administration

A woman holds up signs at Donald Trump's inauguration.

Donald Trump Is Making America Protest Again

Want to see more stories like this?
Like Newsy on Facebook for More Business Coverage