If it was me; I’d say to SAB Miller shareholders to not be greedy!— Paul Theron, Vestact
If this falls through it’ll be an almighty explosion. Everyone will be licking their wounds.— Paul Theron, Vestact
AB InBev hedged their exposure to the pound rising against the dollar. That has gone against them bigtime.— Paul Theron, Vestact
The pound has lost around 12% against the US dollar since the Brexit vote.
AB InBev has increased its offer after major SABMiller investors complained that the fall in sterling has made the deal worth less.
Scroll down for quotes from the audio below.
Brito [AB InBev CEO] is renowned for not being quick when reaching for his wallet.— Paul Theron, Vestact
Getting a deal of this size done is like herding cats.— Paul Theron, Vestact
There’s too much momentum now. Some sort of a compromise will be reached.— Paul Theron, Vestact
Heineken don’t want to do a deal with anyone.— Paul Theron, Vestact
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