Vivian D. Labbe
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Vivian D. Labbe in Mergers & Acquisitions,

SABMiller rejects AB InBev's $104 billion takeover approach. Let's buy both?

SABMiller (SAB.L), the world's second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev (ABI.BR), saying its 68 billion-pound ($104 billion) valuation was "very substantially" under par. Belgium-based AB InBev went public with its offer of 42.15 pounds in cash per SABMiller share, after the board rejected two prior approaches, at 38 and 40 pounds.

Meanwhile SABMiller shares closed up 0.3 percent at 37.24 pounds and AB InBev closed up 0.6 percent in Brussels at 98.65 euros. 

So let's buy both on the sly until there are no more new offers and hype.