AB InBev and SABMiller ink $104B 'in principle' deal

Beer brewers Anheuser-Busch InBev and SABMiller announced today they have agreed "in principle" on the terms of the Belgian-headquartered firm's offer for the British-South African company.

The offer, AB InBev's fourth, values SABMiller at $104 billion.

While its previous offers were met with resistance, the latest of $68 a share is 50 percent higher than the closing value of SABMiller’s stock on Sept. 14, the day before it first emerged that a bid would take place.

The companies have until Oct. 28 to reach a formal agreement under British mergers-and-acquisition legislation.

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