SABMiller stock surges on AB InBev takeover report
SABMiller Plc (SAB), the world’s second- biggest brewer, advanced the most in almost three years in London trading after Brazilian news website IG reported that the beermaker is in talks to be bought by larger competitor Anheuser-Busch InBev NV. (ABI)
The stock rose as much as 11 percent, the steepest intraday gain since Nov. 24, 2008. Guilherme Barros, a columnist at the Sao Paulo-based website, said a deal could be worth about $80 billion. He didn’t say how he obtained the information.
via SABMiller Surges on Report of AB InBev Talks – Bloomberg.
Breweries: A-B InBev, Anheuser-Busch
Just another reason to drink local craft beer