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The Biggest Risks Facing an Anheuser-Busch InBev–SABMiller Deal
SABMiller’s board has refused three bids made by Anheuser-Busch InBev. ABI’s third offer was for 42.15 pounds per share.
The Tailwinds Favoring an ABI–SABMiller Transaction
ABI expects to finance the transaction using a combination of internally generated cash and external debt.
Why SABMiller Rejected 3 Anheuser-Busch InBev Bids
The partial shares option structured with ABI’s proposal is not an advantageous option for many of SABMiller shareholders. This is due to the illiquidity of the restricted shares proposed to be issued by ABI under the option.
Projected Synergies from an Anheuser-Busch InBev–SABMiller Deal
ABI is a leading company in the consumer staples sector. It has had a strong record of integrating acquisitions and delivering synergies ahead of target.
The Proposed ABI-SABMiller Deal: Will Market Concentration Rise?
The top five beer brewers accounted for nearly 52% of the total global sales volume in 2014. ABI is the leader worldwide with 20.8% of the market share.