SABMiller rejects takeover bid again. Will AB Inbev go to war to force marriage?

SABMiller, the world’s second largest beer brewer, has yet again rejected an improved takeover proposal from Anheuser-Busch InBev.

The JSE-listed juggernaut reckons the R1.4 trillion offer is “very substantially” under par.

“The deadline is approaching and we thought we should make it public,” said AB InBev CEO Carlos Brito.

“Now it’s up to the shareholders to have a look at it. If they think this is a good offer, they should act and encourage the board to engage.”

Brito said he was committed to a friendly deal, but did not rule out going hostile.

“I don’t want to go there now. I think there’s too much to be gained in the next few days,” he said.

The Money Show’s Bruce Whitfield asked Ann Crotty, Journalist at Business Times for Sunday Times, if the AB InBev offer isn’t already hostile.

Whitfield also spoke to Garth McKenzie, Share Trader at Traders Corner, about his son’s famous portfolio, which holds SABMiller shares.

How would McKenzie vote if he could on behalf of his son?

Scroll down for quotes from the audio below.

I’m pretty sure that all the shareholders are quite desperate to see this deal happen.

Ann Crotty, Journalist at Business Times for Sunday Times

I would hate for us to lose one of South Africa’s greatest companies. I know it’s about money, but you can still get emotional, can’t you?

Ann Crotty, Journalist at Business Times for Sunday Times

SABMiller Chairperson Jan du Plessis thinks he is obliged to push a bit more.

Ann Crotty, Journalist at Business Times for Sunday Times

I would take the money and run.

Garth McKenzie

There’s probably a 25% to 30% premium built into the price of SABMiller.

Garth McKenzie

Subscribe to our Business Wrap Newsletter

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

How to make your business more innovative (and what that actually means)

How to make your business more innovative (and what that actually means)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.

Where to invest money you intend to leave to your kids

Where to invest money you intend to leave to your kids

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

The beer world faces its biggest merger ever. Here's what the craft beer industry makes of if this, seemingly, imminent union...

AB InBev explains vision for Africa. SABMiller rejects improved offer

AB InBev explains vision for Africa. SABMiller rejects improved offer

AB InBev explains its vision for Africa if it manages to merge with SABMiller, who just rejected yet another takeover bid.

SABMiller overtakes Naspers to become the largest company in Africa

SABMiller overtakes Naspers to become the largest company in Africa

Anheuser-Busch InBev’s intention to acquire its rival SABMiller is causing a surge in latter’s share price.

Popular articles
[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

[Watch] Payday dance: Never a dull moment in Cape Town

[Watch] Payday dance: Never a dull moment in Cape Town

Even slow-moving traffic cannot dampen the mood in Cape Town because payday came early. Watch Capetonians celebrating payday.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

Free entrance to SanParks for all South Africans

Free entrance to SanParks for all South Africans

SanParks is running a week-long campaign that affords South African residents free access to almost all 21 national parks.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.