The Presidential Daily Brief


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    SABMiller Agrees to $104.2 Billion Buyout by AB InBev

    They’re brewing something big. The Grolsch and Peroni maker has agreed in principle to a $104.2 billion offer by Anheuser-Busch InBev that would combine the world’s two biggest beer manufacturers. The Budweiser, Stella Artois and Corona giant has proposed to pay $68 a share — after four earlier offers were rejected — which sent London-based SABMiller stocks skyward by 9 percent this morning. If completed by Oct. 28 as expected, the combined firms will control 30 percent of the world’s beer market.

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