No Thanks – SABMIller Rejects Initial ABInBev Offer

According to numerous news sources, SABMiller has apparently rejected a $100 billion bid by Anheuser-Busch InBev to buy the global SABMiller brewing company.

SABMiller has indicated the offer was too low.

U.K. takeover rules allow AB InBev until Oct. 14 to make a new offer or terminate the process. SABMiller would also be allowed to ask regulators for an extension to the deadline.