Brewing major SABMiller PLC is said to have turned down an informal takeover bid from rival Anheuser-Busch InBev NV , Bloomberg reported on Tuesday. Citing people familiar with the matter, the news organization said SABMiller found InBev’s proposal of slightly over 40 pounds ($60.67) a share too low and instead were regarding closer to £45 as a fair deal. SABMiller shares currently trade around £36.77 a share, down 2.3% on Tuesday. News of a potential merger of the two beer giants surfaced in mid-September when SABMiller’s board confirmed press speculation about a takeover.
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