ABI – SABMiller Merger Speculation Continues

June 27, 2013 Dear Client: SABMiller shares bounced a bit this week from a six-month low as analysts revived speculation -- again -- that the brewer was a likely target for AB InBev. We've seen this speculation pop up several times over the past few years, and indeed here it is again. The other speculation is that ABI will buy the beverage side of PepsiCo. Keep in mind that ABI just acquired 50% of Grupo Modelo, and it will likely