Deals Rumor Mill: SABMiller, Starwood, National Australia
By Benjamin Horney ( October 27, 2015, 7:20 PM EDT) -- SABMiller PLC will ask U.K. regulators for an extension on a pending Wednesday deadline for Anheuser-Busch InBev to make formal its £68.1 billion ($103.7 billion) takeover offer, the New York Times reported on Tuesday. According to the report, the currently deadline would require Anheuser-Busch to make its formal offer by Wednesday or face British takeover rules that would not allow it to make another approach for up to six months. The deadline has already been extended by the British Panel on Takeovers and Mergers once, the report added, and another extension would give the brewers more time to complete negotiations and secure financing. The companies agreed to their deal, which would combine the world's two largest brewers, earlier this month....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.