GFM Network News

SABMiller rejects Labatt owner’s takeover approach

Brussels/London | Reuters –– SABMiller, the world’s second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound (C$136 billion) valuation was “very substantially” under par. Refusal of the offer, made public Wednesday after earlier proposals were refused privately, opens the door to a week of intense wrangling before […] Read more

Labatt owner AB InBev seeks US$275B tie-up with SABMiller

Brussels/London | Reuters — Anheuser-Busch InBev, the world’s largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world’s beer. A merged group would have a market value of around US$275 billion (C$363 billion) at current prices, and would combine AB InBev’s dominance of Latin America […] Read more

Big investor urges Smithfield breakup over buyout

Starboard Value LP revealed a major stake in Smithfield Foods on Monday and urged the world’s largest pork producer to explore a breakup rather than go ahead with a planned US$4.7 billion takeover by Chinese meat company Shuanghui International. The activist investor, now Smithfield’s biggest shareholder with a 5.7 per cent stake, said Smithfield might […] Read more