Pursuits
SABMiller Shareholders Said to Support New AB InBev Offer
- Allan Gray, Davidson Kempner and Elliott said to back deal
- SAB board will meet on revised $102 billion bid in coming days
SABMiller Shareholders Signal Support for AB InBev Offer
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Major SABMiller Plc shareholders have signaled they favor Anheuser-Busch InBev NV’s revised $102 billion takeover offer as the board prepares to meet in the coming days to vote on whether it supports the deal, according to people familiar with the process.
Investors including Allan Gray Ltd., Davidson Kempner Capital Management and Elliott Management Corp. are among those prepared to back the offer, said the people, who asked not to be named because the details aren’t public. Many shareholders view the takeover’s potential collapse as a larger risk than accepting an offer that falls short of their expectations after AB InBev said its improved offer is final, the people said.