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.