World number two brewer InBev was on the verge of merger talks with Anheuser Busch, a newspaper said on Tuesday, while consolidation fever drove up shares in global leader SABMiller. SABMiller shares shot up as much as 8,2% to a 19-week high of £13,24.
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/ 6 February 2008
SABMiller, the world’s second-biggest brewer, has acquired 94,7% of Grolsch NV shares, securing its €816-million (,2-billion) takeover of the Dutch brewer. SABMiller said in a statement that its bid was unconditional and shareholders who had not yet offered their shares could tender them until February 20.
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/ 30 October 2007
The head of the Wall Street investment bank Merrill Lynch was on Monday night negotiating a severance package tipped to be as high as -million after a risky strategy of betting billions on American mortgage-backed securities came disastrously unstuck.