ABI to Make Proposal for SABMiller

Dear Client:"Both ABI and SABMiller officially responded to press speculation by confirming that ABI has informed SABMiller it intends to make a proposal to acquire SABMiller. At this point, there are no details on what the proposal could look like," per UBS note that just hit. Recall that in recent weeks, SAB reportedly hired firms to help fend off a bid. "No proposal has yet been received and the board of SABMiller has no further details about the terms of