SABMiller Drops S&N Bid

It's just a sign of the times of how quickly news cycles come these days in the global beer business. Early yesterday, the Financial Times' Alphaville column reported that SABMiller may make a rival bid for Scottish & Newcastle, even though the brewer has already accepted a joint bid from Heineken and Carlsberg. The FT claimed that SABMiller may offer a huge 8 billion pounds ($15.5 billion), or 850 pence a share, for S&N, topping Carlsberg and Heineken's joint 800