AB InBev, SABMiller extend takeover deadline to Nov. 11 - CNBC Africa

AB InBev, SABMiller extend takeover deadline to Nov. 11

Southern Africa

by Reuters 0

AB InBev, SABMiller extend takeover deadline to Nov. 11. PHOTO: Wikipedia

Brewer SABMiller Plc has extended the deadline for rival Anheuser-Busch InBev to make a formal $100 billion-plus takeover offer by a further week.

The two companies said in a joint statement on Wednesday that London's Panel on Takeovers and Mergers had granted SABMiller's request to push back the deadline to 5 p.m. (1700 GMT) on Wednesday, November 11.

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