Dear Client:"Sources close to AB InBev, maker of Budweiser, said it was likely to table an improved offer of £43-£44 (or more than $67) a share before the 5pm bid deadline on Wednesday" per Sunday Times report yesterday. Recall that SABMiller's Board (excluding the directors nominated by Altria) unanimously rejected the GBP 42.15 proposal Wednesday, which it said (at roughly roughly $64 a share) "still very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects.""Brussels-listed AB InBev
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