Dear Client:Here's a question: Can ABI afford to buy SABMiller? I think among all the chatter this key question has been somewhat lost in the fray, because I think everybody always assumes ABI can afford anything, because they always stretch their balance sheet to the hilt and get seemingly impossible deals done with nearly 90% debt. Here are the numbers. A-B has about $39 billion currently in net debt, which is up $6 billion in the last six months. Their
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