Share Name Share Symbol Market Type Share ISIN Share Description
Sabmiller LSE:SAB London Ordinary Share GB0004835483 ORD $0.10
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 4,494.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Beverages 13,804.84 2,835.72 116.80 33.1 72,998
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4,494.50 GBX

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spob: 28 September 2016 Shareholders back AB InBev and SABMiller £79bn ‘Megabrew̵7; deal Scheherazade Daneshkhu, Consumer Industries Editor FT SABMiller shareholders voted overwhelmingly in favour of the £79bn offer from Anheuser-Busch InBev, paving the way for the Belgian brewer to clinch the third-largest merger in corporate history after a year-long pursuit. Wednesday’s vote, held at a hotel in London’s Park Lane near SAB’s Mayfair headquarters, resulted in 95.5 per cent of SAB shareholders accepting the larger brewer’s £45-a-share cash offer and approving the UK’s biggest corporate deal. More On this topic AB InBev pays $6m to settle US charges AB InBev deal yields $2bn in fees and taxes AB InBev to dominate merged brewer Analysis AB InBev bid for SABMiller loses its fizz IN Food & Beverage AG Barr to cut jobs as sales dip Japan Coca-Cola talks reach critical phase Big UK food producers suffer sales fall Shepherd Neame toasts seaside pubs trade Megabrew, as the merger has been dubbed, combines the world’s two largest brewers in an industry that has heavily consolidated over the past decade and faces challenges from the growth of craft beer. The takeover will result in AB InBev, whose brands include Budweiser, Stella Artois, Beck’s and Corona, selling one in four beers around the world and reaping 45 per cent of the industry’s profits. It will also mark the end of the former South African Breweries’ 120-year history as an independent company, instead giving AB InBev coveted access to fast-growing beer markets in Africa, where it barely has a presence and in those parts of Latin America where it was not already dominant. In Brussels, where AB InBev shareholders also endorsed the deal, the brewer announced that the enlarged group’s name would remain AB InBev, with no incorporation of the SABMiller moniker. That provoked some disappointment at the already subdued London gathering. But Jan du Plessis, SAB chairman who helped bid up AB InBev’s price, said: “AB InBev are paying a full price for the company; they can do with the company what they wish, they can call it what they wish; that’s the way life works and that’s fine. That’s the way it is.” The acquisition is the most ambitious in a series of audacious takeovers spearheaded by Jorge Paulo Lemann, the Brazilian billionaire who is AB InBev’s single largest individual shareholder. SAB’s two largest investors — Altria, the US tobacco company and BevCo, the family investment vehicle of Colombia’s Santo Domingo family — were excluded from the vote, following a UK High Court ruling last month to treat them as a separate class of shareholder. Instead, Altria and BevCo, which own a combined 41 per cent of SAB, formalised in a separate vote their acceptance of AB InBev’s partial share alternative of 0.483969 in AB InBev shares and £4.66 in cash for each SAB share. The UK court decision followed growing investor criticism about the influence of the two biggest shareholders and the deal’s structure of two offers. The partial share offer, aimed at the two largest shareholders, ended up being more favourable than the cash offer because of the drop in the value of the pound after the UK’s Brexit vote. That pressure led to AB InBev raising its cash offer in July. Aberdeen Asset Management, which holds 1 per cent of SAB and voted against the takeover, said it was disappointed at the outcome but hoped its lobbying “helped to secure a better deal for our clients, albeit the final price still significantly undervalued SABMiller in our view”. Although the cash-and-share offer was open to all shareholders, the five-year lock-up period made it unattractive to almost all but the two largest investors for whom the structure is tax-friendly. Anna Ward, analyst at Euromonitor International, said that despite AB InBev’s global spread after the deal, it would still have to grapple with changing consumer tastes and the rise of craft beer in mature markets. “Considering the ever-growing consumer preference for small-scale local beers, creating such an industry behemoth seems arguably counter-intuitive,” she said. “Nevertheless, in light of the slowdown in key markets such as Brazil, extending the reach of its flagship global brands will undoubtedly remain a priority for AB InBev.” AB InBev has lined up $16.5bn in disposals of SAB assets, including Peroni and Grolsch in Europe, Miller Lite in the US and Snow in China to secure approval from antitrust regulators in more than 20 countries. The biggest remaining SAB brands are Castle Lager, Victoria Bitter and Aguila, reflecting the brewer’s more diversified and decentralised culture compared with that of AB InBev. c  Separately on Wednesday, the US Securities and Exchange Commission said AB InBev had agreed to pay $6m to settle charges it made improper payments to officials in India, in violation of the Foreign Corrupt Practices Act, and blocked a whistleblower from supporting its investigation.
spob: Http://
scorpione: No one knows by how much the share price will fall if it fails; possibly to it's pre bid price (around £30 from memory) and upside from there is unknown as is the time span to get back to these levels. There are risks as with everything stock market related but also rewards if things go the right way!
andyadvfn1: Will the share price collapse if the takeover fails?Is todays share price fall a good opportunity to buy in assuming the takeover will go ahead?
fangorn2: ~Warwick, Partial share offer is for Major institutions surely? All cash for rest of us but with option of partial if we want? "Under the terms of the Possible Offer, SABMiller shareholders would be entitled to receive GBP 44.00 per share in cash, with a partial share alternative ("PSA") available for approximately 41% of the SABMiller shares. The all-cash offer represents a premium of approximately 50% to SABMiller's closing share price of GBP 29.34 on 14 September 2015 (being the last business day prior to renewed speculation of an approach from AB InBev)." hTTp://
warwick69: No I was referring to Binladin I've been long on spread bet since last week was £70 at first but it was to hairy dropped to £35 took some profit at 3700 the other day so only had £15 last night but I am a bit disappointed that we have settled at the partial share offer. I am surprised not more buyers who can take £44 when deal complete the only risk is regulator now plus sab miller will get 3 billion if that's the case so the share price should have a bit of a floor above the old ore deal price
indieman: It's noticeable that the recent positive broker comment has done nothing to encourage the share price. PThat may be because SAB has dropped out of a small H&S top which looks likely to be the head of a larger H&S top which started to form last October. If that breaks, the initial price target from the larger H&S would be around 1440p. Accordingly, I've sold my lomg term holding with a nice mark-up.
a4: sab's share price is trading above most analysts price target and has done for a period of time.
Sabmiller share price data is direct from the London Stock Exchange
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