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Thursday, October 8, 2015

AB InBev CEO appeals to SAB shareholders for second day, (NYSE: TRI), (TSE: TRI.TO)

Anheuser-Busch InBev Chief Executive Carlos Brito repeated his appeal to SABMiller shareholders on Thursday, again urging them to push the brewer's board into more serious takeover discussions.The Brazilian boss of Belgium-based AB InBev expressed frustration at the board of its UK rival, continuing a strategy begun on Wednesday, which one analyst called going "hostile lite", referring to an acquirer putting its terms direct to a target's shareholders.The stakes are high for both, the world's No. 1 and 2 brewers, whose combination would be the fifth largest merger in corporate history, according to Thomson Reuters data.AB InBev said it was surprised the SABMiller board said its takeover offer of 42.15 pounds per share, made public on Wednesday, "still very substantially undervalues" SABMiller.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.1% or $-0.04/share to $41.04. In the past year, the shares have traded as low as $34.88 and as high as $42.64. On average, 972086 shares of TRI exchange hands on a given day and today's volume is recorded at 331144.

Thomson Reuters Corporation is a provider of intelligent information for businesses and professionals. Shares of TRI fell by 0.41% or $-0.22/share to $53.41. In the past year, the shares have traded as low as $39.45 and as high as $54.47. On average, 878105 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 256421.



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