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Revised Offer by AB InBev For SABMiller

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Revised Offer by AB InBev For SABMiller

Revised Offer by AB InBev For SABMiller
July 26
12:50 2016

AB InBev has made a revised and final offer for the entire issued and to be issued share capital of SABMiller in light of recent exchange rate volatility and market movements. The revised cash consideration represents an increase of £1.00 per SABMiller share over the £44.00 cash consideration set out in the 11 November 2015 announcement. The transaction values SABMiller’s entire issued and to be issued share capital at approximately £79 billion, as at 25 July 2016.

The revised cash consideration represents  a premium of approximately 53% to SABMiller’s closing share price of £29.34 on 14 September 2015 (the last business day prior to renewed speculation of an approach from AB InBev); and a premium of approximately 39% to SABMiller’s three month volume weighted average share price of £32.31 to 14 September 2015.

AB InBev has confirmed that the offer is final and that it will not further increase the cash consideration or the cash element or the exchange ratio of the partial share alternative.


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