Budweiser maker finalizes $107 billion bid for SABMiller
LONDON (AP) — Budweiser maker Anheuser-Busch InBev says it has finalized the terms of a $107 billion takeover of SABMiller that will combine the planet's two biggest brewers and create a company that makes almost a third of the beer consumed worldwide.
As part of the deal, SABMiller will sell its stake in a venture with Molson Coors. That should ease concerns that AB InBev would have a stranglehold on the U.S. market after the merger and pave the way for approval by American regulators.
AB InBev and SABMiller had twice extended the deadline for a formal offer implementing an agreement in principle announced Oct. 13.
AB InBev is seeking to bolster growth by acquiring SABMiller's brands in Africa and Asia as changing tastes and craft beers cut sales in developed markets.