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.By Ryan Biek | October 6, 2015
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.