AB InBev, SABMiller extend takeover deadline to Nov. 11

by Reuters 6 views0

AB InBev makes new 68 bln pound bid for rival SABMiller

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.