Anheuser-Busch increases offer for SABMiller

Anheuser-Busch InBev has increased its cash offer for SABMiller to $58.98 per share to halt a revolt by investors who had seen the value of their potential payout drop as the pound declined following Britain’s decision to leave the European Union.

The statement from AB InBev on Tuesday 26 June said the deal will now consist of:£4.6588 in cash and 0.483969 restricted shares.

AB InBev said the revised terms were final and not available for renegotiation.

Regulatory clearance has already been secured in Europe, the US and South Africa.

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