SABMiller, AB inBev agree to merger - WAOW - Newsline 9, Wausau News, Weather, Sports

SABMiller, AB inBev agree to merger


BRUSSELS (AP) -- The brewer of Budweiser and Stella Artois has announced an agreement in principle to take over SAB Miller and create the world's biggest beer giant.

   AB InBev says it increased its offer to more than $67 a share for the world's second-largest brewer and that both boards "reached agreement in principle on the key terms of a possible recommended offer."

   AB InBev has been trying for nearly a month to get its hands on SABMiller but its previous offers have met with resistance.

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