NEW YORK — Coty Inc. has appointed Sabine Chalmers, chief legal officer at beer giant Anheuser-Busch InBev, to its board of directors. Coty said Tuesday that Chalmers will also serve on the board’s audit and finance committee. The addition of Chalmers brings 25 years of senior management experience in international consumer goods and an extensive
NEW YORK — Beer giants Anheuser-Busch InBev has reached an agreement to acquire SABMiller plc in a deal valued at about $108 billion. Clearing the way for the agreement was a deal for SABMiller to sell its 58% stake in its MillerCoors LLC joint venture to partner Molson Coors Brewing Co. for $12 billion. SABMiller’s
BRUSSELS, Belgium — The boards of Anheuser-Busch InBev and SABMiller plc have agreed in principle on the key terms of an offer by AB InBev to acquire rival brewer SABMiller. The companies said early Tuesday that under an increased offer from AB InBev, SABMiller shareholders would receive £44.00 per share ($68.11 U.S.) in cash, with
BRUSSELS, Belgium — Beer giant Anheuser-Busch InBev has offered to buy fellow brewing behemoth SABMiller plc for $104 billion (U.S.) but saw its increased bid quickly rejected. AB InBev said Wednesday that it’s now offering £42.15 ($64.60) per share for SABMiller, a 44% premium from the latter’s closing share price of £29.34 ($44.97) on Sept.
