Anheuser-Busch InBev faces US$7bn price rise for SABMiller - analyst
AB InBev remains on track for its SABMiller takeover, Swartzberg said
UK media this week reported that an activist hedge fund has taken a 1% stake in SAB, ahead of the brewer's annual general meeting on Thursday. The purchase followed a 1.3% stake buy from another UK hedge fund earlier this month.
According to the Times, the new entrants are hoping to open up to all investors a plan that would see some shareholders paid through a partial share alternative when the takeover deal goes ahead. Shareholders who took the partial share alternative have gained a premium in the wake of Sterling's fall against the dollar because of last month's Brexit vote.
Today, Stifel's Mark Swartzberg said shareholders representing as little as 15% of SAB could effectively block the takeover unless AB InBev "sweeten[s] its deal terms".
Swartzberg said AB InBev may increase its cash-per-share offer by GBP2-5 per share, compared to the initial offer of GBP44 "along with slightly increasing the cash component of the partial share alternative".
The increase would raise SABMiller's US$107bn purchase price by between $3bn and $7bn, Swartzberg said.
The analyst said AB InBev remains on track to take control of SABMiller after 12 August.
Sanford Bernstein analyst Trevor Stirling is no stranger to the drinks industry. Having spent the late '90s as strategic planning director for Guinness Ireland, he then took on the role of packaged tr...
Anheuser-Busch InBev NV has an extensive strategic policy having just bought the American company SABMiller in 2015....
Anheuser-Busch InBev’s top domestic priorities in 2016 are to expand its premium beer offerings whilst elevating consumer sentiment towards core brands....
The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global spirits market during January....
Launched in 2012, Anheuser-Busch InBev’s Bud Light Rita’s explosive rise in malt-based RTDs propelled total RTDs/high-strength premixes growth in 2012 and 2013, but as consumers have grown exhausted w...
- Cannabis – A clear and present danger to alcohol
- Is Irish whiskey ready to recognise its potential?
- Interview - Bernstein analyst Trevor Stirling
- Global Travel Retail - What is the Grey Market?
- The European beer market - Focus
- Diageo appoints first programmatic marketing head
- Corporate Relations Director to leave Diageo
- Bacardi names new global communications head
- Diageo strike threat postponed with fresh vote
- Pernod Ricard pairs Usain Bolt with Mumm Champagne