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Sunday, September 14, 2014

Heineken family rejected SABMiller takeover offer - Bloomberg, (NYSE: BUD)

Global brewer SABMiller has made a takeover approach to the family owners of Heineken that has been rejected, Bloomberg reported on Sunday, citing people with knowledge of the matter.The newswire said SABMiller's approach was made as part of a strategy to protect itself from any potential bid from SAB's larger rival, world No.1 brewer Anheuser-Busch InBev.A tie-up between SABMiller, which has a market capitalisation of 55 billion pounds ($90 billion), and Heineken, with a market capitalisation of 34 billion euros ($44 billion), would combine the world's second- and third-largest brewers.SAB and Heinken both failed to comment on the matter.

Anheuser-Busch InBev SA, formerly Anheuser-Busch InBev SA/NV, is a brewing company. Shares of BUD fell by 1.03% or $-1.16/share to $110.95. In the past year, the shares have traded as low as $93.72 and as high as $116.65. On average, 992256 shares of BUD exchange hands on a given day and today's volume is recorded at 870985.