SABMiller rejects takeover bid again. Will AB Inbev go to war to force marriage?

SABMiller, the world’s second largest beer brewer, has yet again rejected an improved takeover proposal from Anheuser-Busch InBev.

The JSE-listed juggernaut reckons the R1.4 trillion offer is “very substantially” under par.

“The deadline is approaching and we thought we should make it public,” said AB InBev CEO Carlos Brito.

“Now it’s up to the shareholders to have a look at it. If they think this is a good offer, they should act and encourage the board to engage.”

Brito said he was committed to a friendly deal, but did not rule out going hostile.

“I don’t want to go there now. I think there’s too much to be gained in the next few days,” he said.

The Money Show’s Bruce Whitfield asked Ann Crotty, Journalist at Business Times for Sunday Times, if the AB InBev offer isn’t already hostile.

Whitfield also spoke to Garth McKenzie, Share Trader at Traders Corner, about his son’s famous portfolio, which holds SABMiller shares.

How would McKenzie vote if he could on behalf of his son?

Scroll down for quotes from the audio below.

I’m pretty sure that all the shareholders are quite desperate to see this deal happen.

Ann Crotty, Journalist at Business Times for Sunday Times

I would hate for us to lose one of South Africa’s greatest companies. I know it’s about money, but you can still get emotional, can’t you?

Ann Crotty, Journalist at Business Times for Sunday Times

SABMiller Chairperson Jan du Plessis thinks he is obliged to push a bit more.

Ann Crotty, Journalist at Business Times for Sunday Times

I would take the money and run.

Garth McKenzie

There’s probably a 25% to 30% premium built into the price of SABMiller.

Garth McKenzie

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Lending money to family – what to do, and what not to do

Lending money to family – what to do, and what not to do

Don’t do it! But if you must, you may want to consider personal finance expert Warren Ingram’s advice.

South Africans are drowning in debt but still clamouring for credit

South Africans are drowning in debt but still clamouring for credit

Loans sharks are having a field day and there's an organised crime element, says personal finance journalist Maya Fischer-French.

How to start saving and investing money

How to start saving and investing money

Unless you're über-rich, saving money is a must. But it’s not easy. Arabile Gumede talks to personal finance expert Warren Ingram.

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

The beer world faces its biggest merger ever. Here's what the craft beer industry makes of if this, seemingly, imminent union...

AB InBev explains vision for Africa. SABMiller rejects improved offer

AB InBev explains vision for Africa. SABMiller rejects improved offer

AB InBev explains its vision for Africa if it manages to merge with SABMiller, who just rejected yet another takeover bid.

SABMiller overtakes Naspers to become the largest company in Africa

SABMiller overtakes Naspers to become the largest company in Africa

Anheuser-Busch InBev’s intention to acquire its rival SABMiller is causing a surge in latter’s share price.

Popular articles
Zuma trial: 'We are dealing with the godfather of South African politics'

Zuma trial: 'We are dealing with the godfather of South African politics'

Analyst Xolani Dube says upcoming trial not so much about the individual, as the organisation which allowed him so much power.

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

[WATCH] 'I am smart, I am blessed, I can do anything' video goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Job hopeful caught cheating during his Skype interview

[WATCH] Job hopeful caught cheating during his Skype interview

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] Dad dancing with daughter at school concert goes viral

[WATCH] Dad dancing with daughter at school concert goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

'I'm upset with myself for allowing it to happen hoping next gig will be better'

'I'm upset with myself for allowing it to happen hoping next gig will be better'

Actress Vatiswa Ndara explains her scathing open letter to the arts and culture minister exposing the exploitation of performers.

Boyfriend dumps girlfriend on spot after witnessing her treating waitress badly

Boyfriend dumps girlfriend on spot after witnessing her treating waitress badly

Khabazela shares tweets and Facebook posts that have gone viral.