GFM Network News


SABMiller, whose brands in Canada include Miller and Foster’s, and AB InBev, whose Canadian brands include Keith’s, Labatt Blue and 50 and Kokanee, are now expected to close their merger by Oct. 10. (Keiths.ca/SABMiller.com)

SABMiller investors approve takeover by AB InBev

London/Brussels | Reuters — SABMiller shareholders overwhelmingly backed the brewer’s takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. When the deal closes, which AB InBev said Wednesday it expects to happen Oct. 10, the combined group will sell more than a quarter of […] Read more




(SABMiller.com)

SABMiller rejects Labatt owner’s takeover approach

Brussels/London | Reuters –– SABMiller, the world’s second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound (C$136 billion) valuation was “very substantially” under par. Refusal of the offer, made public Wednesday after earlier proposals were refused privately, opens the door to a week of intense wrangling before […] Read more


AB InBev’s operations include Alexander Keith’s maker, Halifax-based Oland Breweries, which became part of Labatt in 1971. (Keiths.ca)

Labatt owner AB InBev seeks US$275B tie-up with SABMiller

Brussels/London | Reuters — Anheuser-Busch InBev, the world’s largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world’s beer. A merged group would have a market value of around US$275 billion (C$363 billion) at current prices, and would combine AB InBev’s dominance of Latin America […] Read more