**Alert** WSJ: A-B Talking to Banks About $122 Deal To Buy SABMiller, per Source


Dear Client:

It's a season of deal fever: The Wall Street Journal is reporting that A-B is attempting to line up financing for a potential purchase of SABMiller, though they're not in "active" talks, "according to a person familiar with the matter." Source said A-B is getting its ducks in a row, first talking to banks to secure what could be a "$122 billion deal" to buy their rival.

"AB InBev isn't in active discussions with SABMiller, said the person, explaining the company is waiting to line up its financing before making a formal approach," per story.

The story comes amid deal speculation surrounding (separately), Heineken and Pabst. Friday we reported that Pabst owner C. Dean Metropoulos could be in "advanced talks" to sell Pabst Brewing Co. to private-equity firm TSG Consumer Partners LLC (and others) for slightly less than $1 billion, also according to the WSJ.

And just this morning we reported that SABMiller approached the family owners of Heineken NV about an offer, in a bid to ward off what many see as an inevitable bid from AB InBev. Heineken declined, preferring to retain control of the company.

Until tomorrow, Harry

"One should always be in love. That's the reason one should never marry."
-Oscar Wilde

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