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July 7, 2014
06:14 EDTSBMRYSABMiller to sell stake in Tsogo Sun Holdings
SABMiller announced its intention to dispose of its shareholding in Tsogo Sun through a combination of an institutional placing and a buy back buy Tsogo Sun following the completion of a strategic review. SABMiller currently has an effective 39.6% shareholding in Tsogo Sun valued at approximately $1.09B. SABMiller has decided to dispose of up to all of its ordinary shares in Tsogo Sun through two conditional transactions: a fully marketed secondary placing of up to approximately 305M ordinary shares to selected South African and institutional investors; and a buy back by Tsogo Sun of at least 130M ordinary shares for an aggregate consideration of approximately $260M.
News For SBMRY From The Last 14 Days
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November 30, 2015
17:47 EDTSBMRYSenate schedules December 8 hearing for proposed AB InBev-SABMiller merger
In a short release titled "Ensuring Competition Remains on Tap: The AB InBev (BUD)/SABMiller (SBMRY) merger and the State of Competition in the Beer Industry," the Senate Judiciary Committee scheduled a December 8 hearing to consider the proposed merger of the two beer giants. Reference Link
November 29, 2015
20:01 EDTSBMRYAB InBev plans to divest SABMiller's Peroni, Grolsch brands, FT says
AB InBev (BUD) is planning to divest SABMiller's (SBMRY) Peroni and Grolsch brands as it seeks regulatory approval for its proposed merger with the company, reports the Financial Times, citing a source, though a separate source cautioned that the company was merely considering selling the brands. The report notes that potential buyers include Molson Coors (TAP), Heineken (HINKY), and C & C Group. Reference Link
14:50 EDTSBMRYAB InBev considering divesting SABMiller's Peroni, Grolsch, Bloomberg says
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