This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34451936

The article has changed 4 times. There is an RSS feed of changes available.

Version 2 Version 3
SABMiller shares hit by bid rejection reports SABMiller shares hit by bid rejection reports
(about 5 hours later)
Brewer SABMiller's shares have fallen after reports that it is likely to reject an offer from rival Anheuser-Busch InBev.Brewer SABMiller's shares have fallen after reports that it is likely to reject an offer from rival Anheuser-Busch InBev.
Under takeover rules, AB InBev has until 14 October to make a firm offer.Under takeover rules, AB InBev has until 14 October to make a firm offer.
The New York Post is reporting that SAB's management is "leaning towards fighting" the expected offer.The New York Post is reporting that SAB's management is "leaning towards fighting" the expected offer.
Its shares fell 2.9% in London, but that is a small proportion of the amount they have risen since AB InBev's interest was revealed on 16 September. Its shares closed down 3.8% in London, but that is a small proportion of the amount they have risen since AB InBev's interest was revealed on 16 September.
SABMiller is still trading more that 20% above its level before that announcement. SABMiller is still about 20% above its level before that announcement.
If a deal goes through, the merged company would produce one-third of the world's beer.If a deal goes through, the merged company would produce one-third of the world's beer.
SABMiller makes Peroni and Grolsch, while AB InBev produces Budweiser and Stella Artois.SABMiller makes Peroni and Grolsch, while AB InBev produces Budweiser and Stella Artois.
Also on Tuesday, as a result of the expected offer, the company brought forward its six-month trading statement, reporting a 2% rise in sales volumes for the three months to September.Also on Tuesday, as a result of the expected offer, the company brought forward its six-month trading statement, reporting a 2% rise in sales volumes for the three months to September.
Growth in Latin American and African drinks volumes offset declines in North America and the Asia Pacific region.Growth in Latin American and African drinks volumes offset declines in North America and the Asia Pacific region.
But reported revenues fell by 9% because of the depreciation of emerging market currencies against the US dollar.But reported revenues fell by 9% because of the depreciation of emerging market currencies against the US dollar.