Anheuser-Busch Inbev's latest press release made me chuckle.
Why? Well, back in February when I wrote in the Mail on Sunday that 3G and ABI were looking at SAB Miller I was told the boys from Brazil were weighing making an approach pitched at £45.00 a share but had the firepower to go all the way up to £50.00 a share. And back then SAB Miller's shares were trading around the £36.00 level. Here is a link to that piece:
http://www.thisismoney.co.uk/money/markets/article-2953714/Burger-King-Brazilians-mull-audacious-75bn-bid-Foster-s-owner-SABMiller.html
So quite why ABI, its bankers and its spinners have decided to publicly whinge about having their first formal offer rejected is beyond me. ABI can clearly afford to pay more for SAB Miller!
Meanwhile, last night's tale in the New York Post about Diageo selling its Guinness business to SAB Miller has got few people excited. Here is a link:
http://nypost.com/2015/10/07/beer-company-diageo-under-pressure-to-sell-guinness/
I wonder whether there is any truth to it...
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