SABMiller, AB InBev reach agreement on acquisition offer

BRUSSELS, Belgium — Two of the biggest beer makers in the world will soon be merging, as news emerged Tuesday that SABMiller had agreed to the terms of Anheuser-Busch InBev’s latest offer to acquire the company. After several rejected offers, SABMiller has accepted AB InBev’s proposal to pay 44 pounds ($67.14) per share in cash per share of the company, with a partial share alternative for 41% of SABMiller’s shares.

The all-cash offer is a 50% premium on the closing price of SABMiller’s shares on Sept. 14 (the last business day before AB InBev started approaching the company with acquisition offers).

The deal would total around $106 billion if SABMiller’s board decides to move forward on the tentative agreement.