European stocks advanced for a second week as central banks eased lending, investors speculated that policy makers will act to support the region’s debt crisis and U.S. jobs data spurred optimism the world’s largest economy will avoid a recession.
SABMiller Plc, the world’s second- biggest brewer, advanced the most in almost three years in London trading after Brazilian news website IG reported that the beermaker is in talks to be bought by larger competitor Anheuser-Busch InBev NV.
SABMiller Plc, which has made a hostile $10 billion bid for Foster’s Group Ltd., questioned the Australian brewer’s statements on its financial performance and net debt in a submission to the country’s Takeover Panel.
SABMiller Plc, the world’s second- largest brewer by volume, will take its A$9.5 billion ($10 billion) bid for Foster’s Group Ltd. directly to shareholders, going hostile after the board rejected the price as too low.
Carlsberg A/S, Anheuser-Busch InBev NV and a Chinese venture of SABMiller Plc submitted bids to buy a 12.25 percent stake in Chongqing Brewery Co., the beer maker controlled by the government of China’s largest municipality.
SABMiller Plc , the world’s second- biggest brewer by volume, bought the owner of Argentina’s Isenbeck and Warsteiner beer brands, entering a market which is dominated by larger rival Anheuser-Busch InBev NV.