PIC in talks with SABMiller over AB InBev’s offer
THE Public Investment Corporation (PIC) is in talks with SABMiller about an improved offer from Anheuser-Busch InBev (AB InBev), the state pension fund said on Wednesday."We are in discussions with SABMiller on the offer price and would not like to make our view public at this point in time," said PIC head of corporate affairs Deon Botha.The PIC is SABMiller’s fourth-largest shareholder.AB InBev raised its $100bn-plus bid for rival brewer SABMiller on Tuesday in an attempt to quash investor dissent over an offer made less attractive by a post-Brexit vote fall in the pound.READ MORE:AB InBev plays final offer card as it tries to secure SABMiller investorAB InBev feels the Brexit pressureTop SABMiller shareholder says revised AB Inbev offer ‘remains unacceptable’Reuters
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