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AB InBev, SABMiller extend takeover deadline to November 11

The logo of Anheuser-Busch InBev is pictured outside the brewer's headquarters in Leuven, Belgium, October 27, 2015.

Brewer SABMiller Plc (SAB.L) has extended the deadline for rival Anheuser-Busch InBev (ABI.BR) to make a formal $100 billion-plus takeover offer by a further week in order to finalize shareholder support for the deal.

The two companies said in a joint statement on Wednesday that London's Panel on Takeovers and Mergers had granted SABMiller's request to push back the deadline to 5 p.m. (12.00 midnight ET) on Wednesday, November 11.