Yesterday, Anheuser-Busch (AB) InBev’s CEO urged SAB Miller shareholders to push the brewer's board into more serious takeover discussions.
AB Inbev proposed a £65.2 billion takeover of SAB Miller which was rejected.
Talking to CapeTalk’s John Maytham, Chris Gilmour - Analyst at Absa Wealth and Investment thinks the major wouldn’t have been a bad decision.
He says the major would’ve given the South African beer drinker a bit of variety and employment prospects enhanced.
Had the proposal been successful, the merger of the two brewers would have been the fifth largest merger in corporate history.
SAB Miller rejected the takeover approach, saying the proposal “substantially undervalues” the company.