ABI-SABMiller-Heineken: What Now? FILED SEPTEMBER 16, 2014We have conflicting reports about whether ABI is prepping financing for a possible bid for SABMiller; meanwhile SABMiller has approached -- and been initially spurned -- by Heineken NV.
Update: CNBC Says ABI Not Seeking Financing FILED SEPTEMBER 15, 2014David Faber, a deal commentator at CNBC, said on the program minutes ago that there is no financing being arranged by ABI. Earlier this morning the WSJ reported that ABI was lining up banks to finance a huge $122 billion takeover bid of SABMiller.
SABMiller Makes Approach to Heineken, Gets Rebuffed FILED SEPTEMBER 15, 2014In a bid to ward off what many see as an inevitable bid from AB InBev, SABMiller has approached the family owners of Heineken NV about an offer, as first reported on Sunday by Bloomberg, citing people with knowledge of the situation. Such a combination would make SABMillerHeineken the largest brewer in the world by volume.