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Reaction: AB InBev, SABMiller reach takeover pact

Squawk Box Live had reaction to news that the world's biggest brewers have reached a takeover agreement. SABMiller has tentatively agreed to a takeover bid by AB Inbev, which extended a sweetened £44 per share offer to the company.

Eslewhere, we also tracked news that Barclays is close to naming a new CEO, with reports suggesting JPMorgan Chase banker Jes Staley will take the role. It comes after the previous CEO Antony Jenkins was sacked in July after losing boardroom support amidst a bank turnaround plan.

Here's how the morning unfolded.

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