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SABMiler Agrees To Merge With Budweiser

The Associated Press | by Raf Casert & Pan Pylas

Having dismissed previous proposals over the past few weeks as undervaluing the company, the directors of SABMiller unanimously agreed to a $106 billion (£69 billion) offer from Anheuser Busch InBev that values each SABMiller share at £44, £6 more than its first offer almost a month ago.