AB InBev Increases Offer For SABMiller

(RTTNews) - Belgian brewer Anheuser-Busch InBev NV or AB InBev (BUD, AHBIF.PK) said that it raised its offer for rival brewer SABMiller Plc. (SBMRY.PK, SAB.L), and confirmed that the offer is final and it will not further increase the Cash Consideration or the cash element or the exchange ratio of the Partial Share Alternative.

The Belgian-based brewer will now pay 45 pounds per share in cash for SABMiller, up from its earlier offer of 44 pounds per share in cash. The company said the new terms value SABMiller at about 79 billion pound.

SABMiller shareholders can also choose to take a partial share alternative of 0.483969 restricted shares and 4.6588 pounds in cash. The revised partial share alterative values each SABMiller share at 51.14 pr share, based on its closing share price Monday.

The two brewing giants agreed to their merger last November and the deal is expected to close in the second half of this year.

The deal has already been approved by competition authorities in the U.S. and South Africa, leaving Chinese approval the last antitrust big hurdle to the merger.