SABMiller PLC (SAB.L)
18 Sep 2014
|Market Cap (Mil.):||£57,663.14|
|Shares Outstanding (Mil.):||1,611.87|
(The following statement was released by the rating agency) MILAN/LONDON, September 17 (Fitch) An acquisition of SABMiller would almost certainly lead to Anheuser-Busch InBev being downgraded, but the brewer would probably remain investment grade if the deal included significant equity funding and some divestments, Fitch Ratings says. A fully debt-funded transaction would lead to a sharp rise in leverage and a likely downgrade below investment grade. Media reports this week have reignited sp
LONDON/BRUSSELS - SABMiller's rejected bid for smaller brewer Heineken has revived talk about deals that could reshape the global beer industry in coming months.
* Sources still see big brewing deal on the cards (Adds AB InBev and SABMiller declined to comment)
(Adds SABMiller, Orange, BNP Paribas, AbbVie, America Movil, Microsoft, Club Mediterranee, JSW Steel, Alere, GFI Group, AngloGold Ashanti, Qatar National Bank and Telekom)
LONDON/BRUSSELS, Sept 15 - SABMiller's rejected bid for smaller brewer Heineken has revived talk about deals that could reshape the global beer industry in coming months.
NEW YORK/LONDON - SABMiller shares surged to an all-time high on Monday on hopes a long-rumored takeover bid by the world's largest brewer Anheuser-Busch InBev may be getting closer.
* SABMiller jumps 13 pct after WSJ says ABI in financing talks
* Brewers' global spread graphic: http://link.reuters.com/suv24v
PARIS, Sept 15 - European shares rose around midday on Monday, led by a sharp rally in brewers such as SABMiller and Heineken sparked by M&A activity in the sector.
LONDON, Sept 15 - Shares in SABMiller jumped 12 percent on Monday following a report in the Wall Street Journal saying that larger rival Anheuser-Busch InBev was talking to banks about financing a possible $122 billion takeover bid.