Business Dominican Republic

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON/ BRUSSELS, Sept 28- SABMiller shareholders overwhelmingly backed the brewer's $100 billion- plus takeover by Anheuser-Busch InBev on Wednesday, clearing the last big hurdle for one of the largest corporate mergers in history. For the maker of Budweiser, Corona and Stella Artois it provides entry into...

  • *Deal adds Africa, Latin American markets to AB InBev. LONDON, Sept 28- SABMiller shareholders backed the brewer's $100- billion- plus takeover by rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history. Criticism of the takeover offer grew over the summer, after a steep fall in sterling...

  • LONDON— A deal worth over $100 billion to combine the world's two biggest beer companies cleared its last major hurdle Wednesday when the shareholders of SABMiller approved the takeover by Budweiser maker Anheuser-Busch InBev. SABMiller shareholders approved the 79 billion pound deal— dubbed Megabrew— despite opposition from some investors who saw their...

  • *UK court ruling effectively raises investor approval hurdle. *More details to be published on Aug. 26. LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the brewer's 79 billion pound takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB aimed at making the vote as fair as possible.

  • LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the company's takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB for a split. SAB requested that those two shareholders-- cigarette maker Altria Group and Bevco, a vehicle of Colombia's Santo Domingo family-- be treated as a...

  • LONDON, Aug 23- A UK court has ruled that SABMiller shareholders can be treated as two classes when they vote on the company's takeover by Anheuser Busch InBev, granting the request from the brewer for a split. The 79 billion pound deal requires 75 percent approval by SAB shareholders. SAB requested that those two shareholders- cigarette maker Altria Group and...

  • MEXICO CITY, Aug 2- Mexico's largest airline group, Aeromexico, will increase the frequency of flights on five of its main international routes, the company said on Tuesday. On its European routes, Aeromexico will offer daily flights from Mexico City to Amsterdam and to London Heathrow- up from three and six flights per week, respectively. In May, Aeromexico started...

  • *UK court hearing on voting system Aug. 22. *Deal completion expected Oct. 10, trading on Oct. 11. AB InBev has put forward two variations of its offer: a straight 45 pounds per share intended for the majority of investors and a cash-and-shares offer aimed at SABMiller's two largest shareholders, Altria and the Santo Domingo family of Colombia.

  • *China approval conditional on joint venture stake sale. *Brazil beer volume down 4.5 pct after 10 pct drop in Q1. BRUSSELS/ BEIJING, July 29- Brewer Anheuser-Busch InBev cleared a major hurdle towards its takeover of SABMiller with regulatory approval from China on Friday, leaving the acquisition's future in the hands of the British company's board.

  • *Brazil beer volume down 4.5 pct after 10 pct drop in Q1. BRUSSELS, July 29- Anheuser-Busch InBev's chief executive urged SABMiller shareholders on Friday to recognise its improved takeover offer as a compelling last chance as it waits for its rival's view on the new $100- billion- plus bid. The maker of Budweiser, Stella Artois and Corona raised its bid for...

  • LONDON, July 27- SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. Still, AB InBev's U.S.-listed shares fell 3 percent and shares of Molson Coors, which is set to take over SAB's U.S. operations, fell 5...

  • BRUSSELS/ LONDON, July 26- Anheuser-Busch InBev raised its $100 billion- 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. The change comes after a number of activist investors, such as Elliott Capital Advisors and TCI Fund Management, bought stakes in...

  • *Share-and-cash alternative up by 88 pence. LONDON/ BRUSSELS, July 26- Anheuser-Busch InBev raised its $100 billion- plus bid for rival brewer SABMiller on Tuesday after a slide in the value of the pound following the Brexit vote made the offer less attractive for many investors, threatening to derail the deal. It also tweaked the terms of an alternative...

  • *Share-and-cash alternative up by 88 pence. LONDON/ BRUSSELS, July 26- Anheuser-Busch InBev raised its $100 billion- plus bid for rival brewer SABMiller on Tuesday after a slide in the value of the pound following the Brexit vote made the offer less attractive for many investors, threatening to derail the deal. It has also tweaked the terms of an alternative...

  • LONDON, July 21- SABMiller's board will review its $107 billion merger deal with Anheuser Busch InBev once all regulatory approvals have been secured, its chairman said on Thursday. However, the drop in sterling since the UK voted to leave the European Union has reduced the relative appeal of the all-cash offer aimed at most of SAB's shareholders.

  • LONDON, July 21- SABMiller's board will review its $107 billion merger deal with Anheuser Busch InBev once all regulatory approvals have been secured, its chairman said on Thursday. However, the drop in sterling since the UK voted to leave the European Union has reduced the relative appeal of the all-cash offer aimed at most of SAB's shareholders.

  • *SABMiller awaiting China preconditions before scrutinising terms. LONDON, July 21- The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. At the company's annual general meeting on Thursday, Chairman Jan du Plessis said the board...

  • *SABMiller awaiting China preconditions before scrutinizing terms. LONDON, July 21- The chairman of SABMiller said the brewer would consider the attractiveness of a $107 billion offer by Anheuser Busch InBev after the merger had undergone the regulatory process. At the company's annual general meeting on Thursday, Chairman Jan du Plessis said the board...

  • LONDON, July 18- The Children's Investment Fund Management has taken a stake in SABMiller, the second activist to buy into the brewer in recent weeks, raising the prospect of a late push for improved takeover terms from AB InBev. The move by TCI comes ahead of SABMiller's annual meeting in London on Thursday when investors could question terms of a $100 billion-...

  • Joey Flotteron doing something he loves: getting pulled really fast behind a boat.

    It didn't take Joey Flotteron very long to realize that Wall Street was not for him.