Global beer giant AB InBev has made a formal offer to merge with SABMiller.
This is an improved offer (£42.15 per share) on the one SABMiller previously rejected (£40 per share).
SABMiller has subsequently rejected the improved offer.
The Money Show’s Bruce Whitfield played a clip in which Carlos Brito, CEO of AB InBev, explains what his vision for Africa would be should the two companies combine their businesses.
Whitfield also interviewed Dr Adrian Saville, Chief Investment Strategist for Citadel.
Scroll down for quotes from the audio below.
SAB’s commitment to Africa has been a key driver of its success.— Carlos Brito, AB InBev CEO
Johannesburg will remain the Africa headquarters.— Carlos Brito, AB InBev CEO
SAB is deeply engaged with South African society. We intend to continue with this.— Carlos Brito, AB InBev CEO
No other brewer has SABMiller’s footprint.— Dr Adrian Saville, Chief Investment Strategist for Citadel
SABMiller is an attractive target.— Dr Adrian Saville, Chief Investment Strategist for Citadel
At this price, I would take it. There won’t be a similar offer any time soon.— Dr Adrian Saville, Chief Investment Strategist for Citadel
It may turn hostile. If that happens; no price will be too high.— Dr Adrian Saville, Chief Investment Strategist for Citadel
This is an acquisition, not a merger. SABMIller will lose a number of its people and AB InBev will get the keys to the kingdom.— Dr Adrian Saville, Chief Investment Strategist for Citadel
It’s best for the business if this doesn’t happen.— Dr Adrian Saville, Chief Investment Strategist for Citadel
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