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November 20, 2007 | From the Associated Press
SABMiller, the world's third-largest brewer, said Monday that it would bid $1.2 billion for Grolsch, the Dutch beer with a distinctive swivel cap. Grolsch is the second-largest Dutch brewer after Heineken, with approximately 15% market share in the Netherlands. The companies said Grolsch would back the 48.25 euros ($70.57) a share offer, which they said offered a premium of more than 80% to Grolsch's average share price over the last month. Grolsch shares leapt 76% to 47.25 euros ($69.
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BUSINESS
November 20, 2007 | From the Associated Press
SABMiller, the world's third-largest brewer, said Monday that it would bid $1.2 billion for Grolsch, the Dutch beer with a distinctive swivel cap. Grolsch is the second-largest Dutch brewer after Heineken, with approximately 15% market share in the Netherlands. The companies said Grolsch would back the 48.25 euros ($70.57) a share offer, which they said offered a premium of more than 80% to Grolsch's average share price over the last month. Grolsch shares leapt 76% to 47.25 euros ($69.
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BUSINESS
July 20, 2005 | From Associated Press
SABMiller said Tuesday that it was acquiring a controlling stake in Bavaria, South America's second-largest brewer, in a deal valued at about $5.6 billion. The acquisition gives the London-based maker of Miller beer a major footprint in Latin America, a key growth area and an important market for it to compete with InBev, the world's biggest brewer by volume. "We are excited by the enhanced prospects for growth in a strategically important market," SABMiller Chief Executive Graham Mackay said.
BUSINESS
July 20, 2005 | From Associated Press
SABMiller said Tuesday that it was acquiring a controlling stake in Bavaria, South America's second-largest brewer, in a deal valued at about $5.6 billion. The acquisition gives the London-based maker of Miller beer a major footprint in Latin America, a key growth area and an important market for it to compete with InBev, the world's biggest brewer by volume. "We are excited by the enhanced prospects for growth in a strategically important market," SABMiller Chief Executive Graham Mackay said.
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