Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.
Anheuser-Busch InBev, the world's largest beer company, and SABMiller, the world's second largest beer company, won't be combining forces to create one giant beer company—yet.
SABMiller has rejected its third offer from AB InBev this month, suggesting in a statement the price was too low: "[AB InBev] very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects."
AB InBev was willing to cough up $104 billion for its rival. In a release detailing its latest proposal, AB InBev said it was "disappointed that the board of SABMiller has rejected both of these prior approaches without any meaningful engagement."
Though this is the third rejection, it seems likely the companies could come to an agreement.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in