AB InBev

: SABMiller said it was told by AB InBev about its plans for a takeover, with AB InBev saying it wants to work with the board of SABMiller toward a recommended transaction, according to The Toronto Star. The acquisition of SABMiller would be the biggest in the industry history and cap more than a decade of consolidation across brewing companies. No offer has yet been made. A potential combination of the beermakers had been seen as likely for years as they have limited geographical overlap and are not controlled by a family foundation like their main competitors, Heineken NV and Carlsberg A/S. I’m glad to see this after the endless speculation of megabrew, said Ross Colbert, an analyst at Rabobank International.SABMiller shares were up 22 per cent at 3,665 pence as of 1:02 p.m. in London. Before today, SABMiller stock had fallen 18 per cent in a year. Any offer from AB InBev would have to be valued at at least 3,900 pence, or about 30 per cent above Tuesday closing price, according to Trevor Stirling, an analyst at Sanford C. Bernstein. (news.financializer.com). As reported in the news.