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

SABMiller rejects AB InBev's takeover bid, but 'Bud-Miller' is not over yet

Meet the guy who invents new beers for Anheuser-Busch

It's not clear whether the latest beer merger has gone flat or may still have some fizz.

The world's biggest brewer, Anheuser-Busch InBev, is pursuing its chief rival SABMiller in an attempt to create a super brewery.

AB InBev said it was prepared to buy SABMiller for £42.15 ($64.34) per share in cash. That valued SABMiller at £68.2 billion ($104 billion), or 44% higher than its share price before talk of a takeover began circulating in September.SAB Miller saidthe £42.15 proposal "still very substantially undervalues" it.

But the "Bud-Miller" effort is far from over.

The combined companywould be the world's largest beermaker by far, with nine of the world's top 20 beers by volume, and annual sales of $55 billion.

AB InBev (BUD) has already had twoinitial proposals at £40 ($61.07) and £38 ($58) per share...


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