Sabmiller and AB InBev gain another week for €93.9bn merger talks

The world’s two largest beer giants have secured a week’s extension to agree their £68 (€93.9bn) billion mega-merger after SABMiller accepted a sweetened offer from rival and Budweiser maker Anheuser-Busch InBev.

The world’s two largest beer giants have secured a week’s extension to agree their £68 billion (€93.9bn) mega-merger after SABMiller accepted a sweetened offer from rival and Budweiser maker Anheuser-Busch InBev.

Belgium-based AB InBev said in an update it had completed a key phase of its due diligence, but needed more time for discussions to conclude what would be the largest takeover of a British firm in corporate history.