ABI And SABMiller Extend Talks To Finalize Merger TermsOctober 28, 2015
AB InBev and SABMiller have been granted another week to iron out final terms of their proposed merger. Under U.K. takeover rules, after coming to an agreement in principle on October 13 on a deal that would see ABI acquire the London-based SABMiller for around $104 billion, ABI had until today to formalize its offer. If the deadline passed without an extension, ABI would have to wait six months under the law to make another approach. U.K. regulators have now allowed an extension of the deadline to November 4, so that the two parties can work out final details. ABI says it has completed its due diligence on the proposed deal and has financing lined up.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.