SABMiller May Seek Rival Brewer for $12.8 Billion: Paper

Brewing giant SABMiller is plotting to acquire rival Scottish & Newcastle in a 6.5-billion-pounds ($12.8 billion) deal, a paper said on Sunday.

The maker of Miller Lite and Peroni could make a bid of around 712 pence a share for S&N within days, the Sunday Express quoted sources close to the company as saying.

It would also seek to sell on -- to spirits group Diageo -- the U.K. arm that makes Britain's biggest selling lager Foster's, John Smith's bitter and Strongbow cider as well as its French business to satisfy industry watchdogs, the report said.