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US/UK: Dropping exchange rate prompts better beer offer

 |  July 26, 2016

Major brewer Anheuser-Busch InBev SA (ABI) has increased its offer for SABMiller plc to calm fears about the impact of the plunging pound on the deal.

ABI has offered to now pay £45 per share for SABMiller, increased from the former offer of £44 a share, valuing the Peroni brewer at £79bn rather than the previous £71bn.

It follows the slump in the GBP to 31-year lows following the Brexit decision last month.

ABI increased the bid after SAB’s chairman talked about the impact of currency and market movements on the deal, but the neither chairman discussed ABI’s revised offer, which the latter said was final.

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