SABMILLER PLC The cash proposal, AB InBev's fourth, represents a premium of over 48 percent to SABMiller's closing price on Sept. 14, AB InBev said in a statement.
(Reporting by Esha Vaish in Bengaluru; Editing by Saumyadeb Chakrabarty)
SABMiller : AB InBev returns with higher takeover proposal for SABMiller
October 12, 2015 at 04:20 pm EDT
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(Reuters) - Anheuser-Busch InBev on Monday confirmed it had made a higher 43.50 pound-per-share takeover proposal for SABMiller as the world's largest brewer tries to win over its smaller rival to create a global brewing giant.
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