US: SAB in talks for $5bn Miller acquisition
By Chris Brook-Carter | 3 April 2002
Intrigue surrounding the future of South African Breweries and Mller Brewing of the US has once more erupted with reports in today's Wall Street Journal that SAB is in exclusive negotiations to acquire Miller Brewing Co. from Philip Morris Cos. for about US$5 billion. The Wall Street Journal reports that people familiar with the matter said the discussions between the two concerns are at an advanced stage and they hope to finalise terms in the next few weeks.
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Intrigue surrounding the future of South African Breweries and Mller Brewing of the US has once more erupted with reports in today's Wall Street Journal that SAB is in exclusive negotiations to acquire Miller Brewing Co. from Philip Morris Cos. for about US$5 billion. The Wall Street Journal reports that people familiar with the matter said the discussions between the two concerns are at an advanced stage and they hope to finalise terms in the next few weeks.
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