The R1.4-trillion megabrew merger came to a halt on Wednesday, when the SABMiller board informed staff dealing with the convergence and integration with Anheuser-Busch InBev (AB InBev) to stop their work.In an internal memo, the board reportedly said the "full and final" offer announced by AB InBev on Tuesday, which saw a £1 increase in the offer to £45 per SABMiller share, had prompted its decision.The board said, in light of this development, it was prudent that work on preparing SABMiller for integration with AB InBev was stopped while the board considered the implications and engaged with shareholders.The move is an ominous development in a transaction that has moved at lightning speed since it was announced in November 2015.It came as a number of shareholders expressed their concerns about what they perceived to be an inadequate response to the significant drop in value of the £44 offer following the post-Brexit collapse in sterling.On Wednesday, Deon Botha, head of corporate a...
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