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| Anheuser Busch InBev raises its offer for SABMiller | Anheuser Busch InBev raises its offer for SABMiller |
| (about 1 hour later) | |
| Brewing giant Anheuser-Busch InBev has raised its offer for rival SABMiller after two previous bids were rejected. | Brewing giant Anheuser-Busch InBev has raised its offer for rival SABMiller after two previous bids were rejected. |
| The Belgian group - the world's biggest beer maker - has offered 42.15 pence a share, following bids of 38p and 40p. | The Belgian group - the world's biggest beer maker - has offered 42.15 pence a share, following bids of 38p and 40p. |
| It said a deal with SAB would "build the first truly global beer company". The combined group would be worth more than £180bn. | |
| Shares in the London-based brewer have risen sharply since InBev first made its move last month. | Shares in the London-based brewer have risen sharply since InBev first made its move last month. |
| InBev brews Budweiser, Stella Artois and Corona, while SAB brews Peroni and Grolsch, among others. | InBev brews Budweiser, Stella Artois and Corona, while SAB brews Peroni and Grolsch, among others. |
| 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. |
| On Tuesday, SAB reported a 9% fall in revenues for the three months to September, which it blamed on weakening emerging market currencies. Sales volumes were up 2%. | On Tuesday, SAB reported a 9% fall in revenues for the three months to September, which it blamed on weakening emerging market currencies. Sales volumes were up 2%. |