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Market Update

AB Inbev Lifts SABMiller Offer Fourth Time in a Week

Author: Nigel Thomas
Last Update: 12:16 PM ET October 12 2015

4:00 PM Frankfurt – AB Inbev revised its proposal to acquire SABMiller to £43.50 per share in cash. Allianz Capital Partners plans to sell stake in the U.K.-based vending machine operator Selecta. Eurasia Drilling agreed to go private.

In London trading, FTSE 100 index slipped 52.88 or 0.8% to 6,363.84 and in Frankfurt the DAX index fell 4.61 to 10,094.20.

In Paris, CAC 40 index decreased 21.60 or 0.5% to 4,679.79.

Anheuser Busch Inbev SA fell 0.3% to €97.96 after the Belgium-based brewing company raised its proposed takeover offer for SAB Miller to £43.50 per share from £42.15 per share offered on October 7, fourth informal proposal.

Last week, the board of the U.K.-based rival SABMiller Plc rejected the third revised proposal as “substantially undervaluing the brewer.”

This Wednesday is the deadline for the final conclusion.

Allianz Capital Partners GmbH, the Germany-based investment subsidiary of Allianz SE plans to sell it majority stake in the U.K.-based largest eat and drink vending machine operator Selecta UK Ltd to the leveraged buyout group KKR.

Allianz did not disclose financial terms for the Swiss-based group.

Eurasia Drilling Company Limited, the Cyprus-based oil and gas explorer agreed to be acquired by its major Russia-based shareholder for a revised offer price of $11.75 per share or total of about $1.7 billion and delist from London Stock Exchange from November 16.

Prosiebensat 1 Media SE slid 0.3% to €44.81 after the Germany-based free television services provider agreed to acquire Sweden-based online travel group Etraveli Holding AB for about €235 million or $267 million from the private equity firm Segulah IV LP.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc