SABMiller The Big What If
When analysts are bored, of a Tuesday afternoon, they flick their Mont Blanc pencils idly around their finely-patina’d Louis XIV desktops and speculate about the possible acquisition of SABMiller by AB InBev, like so many schoolboys drawing laser-spewing tanks during double Afriks. Then they get on the blower to their contact in the business press. “Have I got something for you, old boy,” they drawl. “But on the QT, you understand? You never heard it from me. Anyway, the old SAB share price: bit of a rich mix for the blood unless Anheuser Busch are sniffing around, drawn by SAB’s strength in developing markets in Africa and Latin America. In which case it might be justified. And let’s face it, SAB’s tie-with French outfit Castel doesn’t hurt either, tying up as it does the entire African market. Thought I’d let you in on the ground floor.”
Comment: This kind of story is the gift that keeps on giving, for analysts and journos alike. Not to mention the competition authorities, should this thing ever get close to happening.