World's largest brewer Anheuser-Busch InBev approaches South Africa's SABMiller for record industry acquisition

Anheuser-Busch InBev NV said it intends to make an offer to acquire SABMiller Plc in a deal that would unite the world’s two biggest beermakers and control about half the industry’s profit.

SABMiller gained 20 percent, boosting its market value to about 58 billion pounds ($90 billion), and AB InBev rose 6.4 percent. While no offer has yet been made, SABMiller is open to discussing a transaction with its bigger rival, according to people with knowledge of the matter. Both companies acknowledged the overture in public statements.

Read more: AB InBev Approaches SABMiller in Record Industry Combination – Bloomberg Business