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AB InBev reach take over deal with SABMiller

11:12

Brewery giant Anheuser-Busch InBev (AB InBev) agreed to buy its main competitor SABMiller for almost £69 billion ($106 billion), after raising its bid following several rejections. AB InBev will pay £44 pounds per share and will gain control of about half the industry's profit. Kulczyk Investments is the fifth biggest shareholder of SABMiller in the world, having nearly a 3 percent stake in the company.  On Friday, the company said it would not sell its shares for £42.5 per share.  

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