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SABMiller notes revised AB InBev final offer

26 July 2016 09:22

SABMiller directors have noted the announcement by AB InBev that it has made a revised and final offer for the entire issued and to be issued share capital of the company.

SABMiller's directors confirmed that on 22 July 2016 its chairman had a conversation with the chairman of AB InBev about AB InBev's offer for SABMiller in light of recent exchange rate volatility and market movements.

There was no discussion or agreement about the terms of today's Revised Offer.

The Revised Offer comprises an all-cash offer of £45.00 a share in cash and a partial share alternative, available for approximately 41% of the SABMiller shares, consisting of 0.483969 unlisted shares and GBP 4.6588 in cash for each SABMiller share.

The Board of SABMiller confirms that last week it engaged Centerview Partners to provide additional financial advice alongside that of its existing financial advisers.

The Board will continue to consult with shareholders and will meet in due course formally to review, having regard to all facts and circumstances, the Revised Offer and a further announcement will be made thereafter.

At 9:22am: (LON:SAB) SABMiller PLC share price was +26p at 4466p

Story provided by StockMarketWire.com

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