Budweiser and Miller Parent Companies Agree to Merge in $104 Billion Deal

Tentative offer hinges on regulatory approval

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Looks like Anheuser-Busch InBev, the world's largest beer company, and SABMiller, its top competitor, will indeed join forces to create one giant beer company.

SABMiller previously rejected at least three offers from AB InBev, suggesting that the offers were too low. The brands were able to agree "in principle" today on AB InBev's fifth offer to SABMiller. 

"The Board of SABMiller has indicated to AB InBev that it would be prepared unanimously to recommend the all-cash offer," the companies said in a release.

The release also noted that AB InBev would agree to a "best efforts" commitment to obtain any regulatory clearances prior to the deal.

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