Sabmiller Share Discussion Threads

[binladin] 08/10/2015 08:02

Speculating...the chairman played the same game with Glencore but never made the deal..pumping up its sp
It all seems fishy to me..pi going to get whacked...

[warwick69] 08/10/2015 07:18

NW99 are you hearing this or are you just speculating?

[nw99] 08/10/2015 07:10

Increased offer coming

[binladin] 08/10/2015 06:44

no deal back to 30 pounds

[bumpa33] 08/10/2015 06:33

i don't think so, there seems to be no love lost here, reading between the lines SAB board really aren't interested in their overtures before even taking into consideration the regulatory hurdles in multiple territories.

[bumpa33] 07/10/2015 23:03

SAB board have finally broken silence and come out and rejected the deal, only Altria were in favour so the chances of a deal look slim now as ABinBev have stated they will not go hostile and there seems little hope of another increased bid.

[warwick69] 07/10/2015 16:13

Yes I think this can rally nicely from here

[mozy123] 07/10/2015 16:09

I think the market is wrong pricing this at £36.

£42 a share cash to all public share holders.

A continuation at a lower combied value for Bevco and Altria should they wish.

However the market participants pricing the stock at £36 would suggest im wrong.

WTFDIK

[blueclyde] 07/10/2015 16:00

The cash and equity deal is the better option to tempt the largest shareholders and will only be available to them to ouch the deal though because it is cash PLUS equity.

[warwick69] 07/10/2015 15:40

This is also from the RNS again implies the share part is for the two institutional investors not the private investors The revised proposal is designed to enable a compelling cash offer to be made to SABMiller's public shareholders and to provide a continuing attractive investment for Altria Group, Inc. and BevCo Ltd. (who together hold approximately 41% of the SABMiller shares), which AB InBev believes will satisfy their financial requirements. Importantly, the partial share alternative enables appropriate financing to be achieved and supports the cash offer at a higher price than AB InBev would otherwise be able to offer. Further details of the partial share alternative and the pre-conditions to this revised proposal are set out below.This is pretty clear Bumba33 why do you read it differently from the above ?

[warwick69] 07/10/2015 15:37

AB InBev expects that most SABMiller shareholders will likely accept the higher premium cash offer and, should they wish to, re-invest their proceeds in AB InBev's listed ordinary shares. However, any SABMiller shareholder will be able to elect for the partial share alternative.This is from the RNS it clearly states that InBev expect the cash offer to be taken surely shareholders should have the right to decide not be railroaded by the board especially if the biggest shareholder is keen ?

[warwick69] 07/10/2015 15:27

I have read also and I see that they will only sue 326 million aAB InBev shares so I read it's differently I read it as only 41% will be shares the rest is cash re-read it ?

[bumpa33] 07/10/2015 15:24

warwick - i've gone through this with a fine tooth comb and the details are all in there in the releases, even if it's not clearly explained.

It's an either/or situation, the cash and share offer or simply the cash offer. Which one it is will be determined by the two major shareholders and i'm told, as it has been reported, that they favour the cash/share offer. Small pi's do not get to make the choice. These are multi billion $ holdings and what they want ain't necessarily what small pi's want. This is why the stock is standing at £36 and not nearer £42.


If i'm wrong, which i don't believe so, then the other reason we're still here is that SAB may still not want to play ball.

[warwick69] 07/10/2015 15:01

Bumpa33 but it says shareholders can accept £42.15 if they chose I am sure most would be more than happy to take that surely the company will have to let the shareholders decide if the biggest shareholder is happy it must be very high chance this will go through??

[bumpa33] 07/10/2015 14:46

in this instance there ain't gonna be a counter bid...!

[bumpa33] 07/10/2015 14:45

warwick - so that they remain with a holding in the enlarged/merged entity and the potential upside over time. binladin, if you don't understand the format/details of the deal, get someone to explain it to you. Unless they do a complete turnabout the £42.15 full cash offer is as high as it's going and as already said and advised in reports and the RNS's that the biggest shareholder is likely to favour the cash/share offer which values the company currently at £37.49.

[binladin] 07/10/2015 14:33

one does not want to be left out if a higher offer in cash comes,,I suspect they are buying at this price....

[warwick69] 07/10/2015 14:26

A daily squeeze on all those that bought early in the day same pattern as previous daily patterns

[warwick69] 07/10/2015 14:25

Only if the deal is accepted

[binladin] 07/10/2015 13:53

Should see a huge rally...

[binladin] 07/10/2015 13:48

They would need to offer around 50 uk pounds...

[warwick69] 07/10/2015 13:19

Bumpa33 why would the largest shareholder prefer cash and equity if the cash deal is so much better can you help explain why that would be ???

[bumpa33] 07/10/2015 09:33

god give me strength :(((

[binladin] 07/10/2015 09:22

However you look at this the share price will be higher...as a result of higher bid...