SABMiller surges on reports of AB InBev deal funding
AB InBev has reportedly lined up Bank of America, Santander and Deutsche Bank among others for $70bn of funding for a possible SABMiller deal, Bloomberg reported on Tuesday.
Beverages
19,668.92
17:09 18/11/24
0.60%
117.91
FTSE 100
8,109.32
16:35 18/11/24
n/a
n/a
FTSE 350
4,473.50
17:09 18/11/24
n/a
n/a
FTSE All-Share
4,431.13
16:49 18/11/24
n/a
n/a
SABMiller
4,494.50p
08:34 05/10/16
0.00%
0.00p
The Sunday Times reported over the weekend that talks between the two brewing giants were warming up and carried on into the weekend, with a deal possibly on the table this week.
AB InBev has until 14 October to put in a formal bid.
The news sent traders into a flurry, with shares surging to 3,742.74p in the closing minutes of trading on the FTSE, up 108.24p on the day.