A merger of swills, a true white trash marriage if I’ve ever seen one.
The Budweiser maker offered 4,400 pence a share in cash for a majority of the shares in its nearest competitor, gaining brands such as Peroni and Grolsch, and giving it control of about half the industry’s profit. The price is 46 percent above SABMiller’s closing value on Sept. 15, the day before the companies disclosed they were in contact about a potential bid
This is further evidence that credit is in great supply. The end of the world has been delayed.
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Would said credit be in great supply if rates were higher?
Credit? The quote above says “cash” although it is likely some kind of stock swap.
Cash raised from capital markets.