Anheuser-Busch InBev is likely to increase its offer for U.K. brewer SABMiller to £43-£44 a share ahead of Wednesday's deadline in an effort to clinch what could be the largest takeover of a British company, the Sunday Times reported.
SABMiller last week rejected AB InBev's raised bid to buy the group for £42.15 per share in cash, which would have given it a value of nearly £68 billion ($104.22 billion).
Citing sources close to AB InBev, the newspaper reported that Brussels-listed AB InBev is understood to be willing to move closer to £70 billion, but is prepared to walk away if SAB does not make some concessions.
The previous cash proposal represented a premium of approximately 44 percent to SABMiller's closing share price of £29.34 on 14 September. The group said it expected most SABMiller shareholders to accept the higher cash offer. Altria, SABMiller's largest shareholder with a 27 percent stake, said it supported the proposal.
The Sunday Times report can be seen here