Finally, SAB Miller announces a £70 billion plus recommended offer from Anheuser-Busch Inbev and confirms what I have been banging on about since the beginning of the year: that 2015 is the year ABI and 3G plan to bid for the FTSE 100 beer company. And in case you don't recall, here are links to some of my "exclusive" articles on the topic:
http://www.thisismoney.co.uk/money/markets/article-2953714/Burger-King-Brazilians-mull-audacious-75bn-bid-Foster-s-owner-SABMiller.html
http://www.thesundaytimes.co.uk/sto/business/Companies/article1599801.ece
http://betaville123.blogspot.co.uk/2015/09/coincidence.html?showComment=1442414148730
What's truly amazing from this latest announcement is the number of investment banks that have suddenly been named as "financial adviser" to ABI.
Prior to today's announcement, Lazard and Deutsche Bank were the only corporate finance firms advising ABI and 3G on the deal but now Barclays, BNP Paribas, Bank of America Merrill Lynch and Standard Bank have turned up as "financial adviser" on the press releases. I'm presuming the banks wangled there way onto the transaction because they were prepared to stump billions of pounds of debt for the deal.
Plus ca change, plus c'est la meme chose...
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