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

AB InBev, SABMiller Agree to 'Megabrew' Deal Framework

NEW YORK (The Deal) -- For Budweiser maker Anheuser-Busch InBev (BUD) , it's finally Miller time.

After several tries that fell flat, the world's largest brewer secured the outline backing on Tuesday from the board of Miller Genuine Draft maker SABMiller (SBMRY) for its latest takeover offer, which values the target's equity at a record-breaking £71.2 billion ($109.4 billion).

The move to create "Megabrew," as it's being called on social media, follows three weeks of tense talks about a deal widely seen as the end game for big-beer M&A and the industry's Brazilian-born deal maker-in-chief, AB InBev CEO Carlos Brito.

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The companies now have until Oct. 28 to finalize the agreement, after SABMiller agreed to...


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