BLOCKBUSTER BEER MERGER TO GO THROUGH
For the last year, the two companies teased the financial world with the possibility of a mega-merger. On Friday, the final regulations were cleared as SABMiller accepted a $105 billion bid from Anheuser-Busch In-Bev (BUD). Bud was forced to up its offer due to the low value of the pound following Brexit. Its initial offer was 1 euro per share. After negotiations, SABMiller upped its offer to 45 euros per share. The two companies agreed to a merger in October. However, Miller has said they cannot guarantee the shareholder’s acceptance of the offer.