Anheuser-Busch InBev on Wednesday formalized a deal to acquire its British-South African rival SABMiller for $107 billion, creating a gigantic global beer company in an era when many drinkers are imbibing beers from smaller brewers.
The companies had been weighing a deal since mid-September, with SABMiller rejecting several overtures from the Belgian firm before accepting the deal.
The acquisition gives Budweiser maker AB InBev a critical path into developing markets. SABMiller gets 35% of its revenue from Latin America and 34% from Africa.
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