Miller High Life is stone cold sober to Budweiser’s flirty $104 billion advances
The world’s second largest beer company has a simple message for the top brewer trying to buy it: your $104 billion offer isn’t good enough
SABMiller, owner of popular party-friendly beers like Coors and Miller High Life, revealed Wednesday that it has rejected a roughly $104 billion (yes, that’s billion with a “b”) buyout offer from Anheuser-Busch InBev, the world’s largest brewer, which owns Budweiser, Corona and Stella Artois.
Alcohol really will make you do the craziest things.
The latest offer of £42.15 per share, put forward on Wednesday morning, marked the third attempt from Anheuser-Busch to buy its rival and build a true global giant with a stronger footprint in Africa, Asia and Australia. SABMiller had previously rejected a £38 and £40 offer since the bidding went public in mid-September. Read more…