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’M&A matchmaking
There’s been an outbreak of fantasy M&A this Wednesday morning.
Credit Suisse reckons Anheuser-Busch InBev should respond to the continuing ills of the US domestic beer market by making a blockbuster bid for SABMiller:
[South Africa 2010] World Cup beer goggles = 180bps
A World Cup without beer is like cricket without Pimm’s.
Or a night out in Essex without an alcopop.
But how much does hosting a World Cup football tournament actually boost local beer sales?
According to Sanford Bernstein analysts Trevor Stirling,
Snap news
Breaking pre-market news on Thursday,
- Xstrata says it has no intention of making an offer for Anglo American – statement.
- Anheuser-Busch InBev agrees to sell central European operations to CVC for $2.2bn – statement.
SABMiller in black empowerment move
SABMiller, the international brewer, on Wednesday announced one of South Africa’s biggest black empowerment deals, disclosing plans to sell a R6bn ($750m) chunk of its local subsidiary to employees, a charitable foundation and store owners who sell the company’s products.
Snap news
The latest on Friday,
- Standard & Poor’s finally removes triple A ratings from bond insurers MBIA and Ambac. Bloomberg. S&P statement
- SABMiller and Molson Coors get US regulatory nod to pursue MillerCoors joint venture.
Shtop! This deal is not ready yet!
Whoa there! Have the people at SAB Miller not heard? You can’t rush these things!
American brewing giant SAB Miller have had an approach of €48.25 a share for Dutch brewer Grolsch NV recommended by the Grolsch board.