2015-09-16 00:00 Belgian drinks company looks to make an approach for UK SAB MillerThe pound strength is being aided by talk just out that Belgian brewer AB Inbev is going to bid for SAB MillerThere's no number being officially touted around and talk of AB's interest has been known since earlier in the yearAs such EURGBP has remained under pressure since the news, dropping to 0.7280Trading in AB shares have been halted in Brussels as I typeThe thing with M&A news is that it moves a market on the expected deal outcome although no one ever usually knows when the actual cash (FX) part of the deal goes throughThe FT reports that the deal could be worth around $245bn Source link:
http://news.forexlive.com/!/sab-miller-and-ab-inbev-ma-talk-keeps-the-bid-in-the-pound-20150916
