Daily Archives: October 13, 2015

AB InBev, SABMiller agree to merge

AB InBev and SABMiller announced today that they have agreed ‘in principle’ to merge as one company.

AB InBev agreed to pay SABMiller’s shareholders £44 per share in cash, with a partial share alternative for around 41 percent of SABMiller’s shares.

A statement from both companies issued this morning, said: “The Board of SABMiller has indicated to AB InBev that it would be prepared unanimously to recommend the all-cash offer of £44 per SABMiller share to SABMiller’s shareholders subject to their fiduciary duties and satisfactory resolution of the other terms and conditions of the possible offer.”

Cadbury set to unveil new plant to boost production

Cadbury Nigeria, makers of Bournvita is set to commission a new manufacturing plant at its Agidingbi, Lagos site on Friday, Oct 16th, as part of its effort to increase production capacity and meet the increasing demands for its chocolate drink, Bournvita.

The new plant will be commissioned by the Lagos State Governor, Akinwunmi Ambode. Also expected at the commissioning is the Executive Vice President Integrated Supply Chain, Mondelez International, Daniel Myers and other top government officials.

AB InBev makes another bid for SABMiller as deadline nears

Anheuser-Busch InBev (AB InBev) has upped its bid to acquire SABMiller ahead of a Wednesday 14 October deadline.

AB InBev has raised the all-cash part of its bid, which is meant for majority of SABMiller’s shareholders from £42.15 to £43.50 per share, a premium of 48 percent to SABMiller’s closing price on September 14, the day before the initial bid.