The world’s biggest beer merger is on. SABMiller (LON:SAB) has today, finally, succumbed to the advances of Stella Artois brewer Anheuser-Busch InBev (NYSE:BUD), accepting a merger deal worth £68bn.
The £44 per share cash deal also comes with a partial share alternative for 41% of SABMiller's shares. The all-cash offer represents a premium of about 50% to SABMiller's closing share price of £29.34 on September 14 (just before the first offer was made).
Barclays which in the crisis was just-about-too-big-to-need-to-be-bailed has reportedly decided that a veteran US investment banker, Jes Staley, ought to take the reigns as its new CEO.
If confirmed, it is perhaps marks another changing wind for Barclays which in 2012 dropped Bob Diamond as part of efforts to distance the group’s future from investment banking activities.
There were some 58.5mln online views of the 2015 Gfinity Championship series, the AIM quoted company told investors. Gfinity (LON:GFIN), the eSports group, revealed that the successful event had exceeded the original target of 50mln online views.
Changing the subject to the UK tax payers ever-reducing ‘investment portfolio’ the government’s remaining 13% shareholding in Royal Mail (LON:RMG) is being sold for nearly £600mln.
Payment processor World Pay is said to be raising £2.5bn in its planned IPO, which is set to be London’s biggest for two years.
And the proverbial surfboarding dog of Tuesday’s Most Followed report is the revelation that 23% Britons aren’t taking an annual holiday in 2015.
It comes from a yearly survey, by travel agents associate ABTA, which also includes other insightful gems like people from the South West are most likely to holiday in Britain, the Scots get through the most spending money once on their overseas holidays and the inhabitants of Yorkshire are most likely to book at the last minute.