Comment on Miller Reportedly Turns Down $100B Takeover Offer From Anheuser-Busch

Miller Reportedly Turns Down $100B Takeover Offer From Anheuser-Busch

With the deadline of Oct. 14 looming for Anheuser-Busch InBev to make a firm offer to acquire fellow beer biggie SABMiller, a new report says that the company’s early informal suggestion of “Hey, what do you guys think of $100 billion?” was turned away for being too low. This is according to Bloomberg, which reports that the move to merge the world’s two largest beer companies into an even bigger business hit a speedbump last week when Miller turned down a deal that would have valued London-based Miller at around £65 billion. Miller believes the company, which currently has a market cap of around £59 billion, is worth closer to £73 billion. The rejection isn’t the end for this boozy romance.

 

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