ABI and SABMiller: They Have An Agreement, At least in Principle

Dear Client:Just when I wrote that the dance between ABI and SABMiller was not to be consummated into a full marriage -- and told everybody at the Constellation Beers party at NBWA that it wouldn't get done by Wednesday -- we have this news breaking late tonight. Yes, SABMiller and AB Inbev have an "agreement in principle and extension of PUSU deadline."That means they have come under the deadline of the UK authorities, and have agreed to continue formal negotiations