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Actionable news in BUD: ANHEUSER-BUSCH INBEV SA/NV,

AB InBev (BUD) Stock Up, SABMiller Board Backs 'Revised and Final' Offer

NEW YORK (TheStreet) -- Shares of Anheuser Busch InBev (BUD) are rising 2.29% to $128.91 today after SABMiller's (SBMRY) board backed AB InBev's higher takeover offer of nearly $104 billion, or $45 per share, paving the way for a merger between the two breweries.

The board's recommendation comes after SABMiller halted its efforts to integrate with the Belgian brewer earlier this week to discuss with shareholders the most recent offer, which AB InBev said would be its final...


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