Miller Brewing is valued at around $5 billion but the current negotiations are thought to involve Philip Morris taking a substantial shareholding in a merged SAB-Miller group.
US: SAB confirms it is in talks over Miller
UK-based brewing conglomerate, South African Breweries (SAB), has confirmed that it is talks with US food, drinks and tobacco group, Philip Morris, regarding the acquisition of Miller Brewing. However, SAB said the discussions were "at a preliminary stage and no conclusions have been reached."
April 5, 2002