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BRUSSELS (AP) — The world's top brewer Anheuser-Busch InBev is continuing its courtship of SABMiller shareholders for its 68 billion pounds ($104 billion) takeover bid despite a triple rejection by the board of the No. 2 beer company.
It warned them on Thursday they might be turning down a once-in-a-lifetime offer.
One day after the SABMiller chairman Jan du Plessis said that the Belgian-Brazilian brewer was still "very substantially undervaluing" his company with an offer of 42.15 pounds per share, AB InBev had a message for the shareholders.
"How long will it be before shareholders see a value of over 42 pounds in the absence of an offer from AB InBev," AB InBev CEO Carlos Brito said. SABMiller shares stood at 23.83 pounds on Thursday.
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