BusinessAB InBev returns to SABMiller with improved £67.4 billion takeover offerHead to head: Budweiser brewer AB InBev wants to merge with Miller maker SABMillerAndrew Burton/Getty ImagesClare Hutchison12 October 2015AB InBev has submitted a new and improved takeover offer for rival SABMiller as it seeks to create the world’s biggest brewer accounting for one out of every three pints drunk around the world.AB InBev, the maker of Stella Artois and Budweiser, tabled an offer of 4350p a share, valuing SAB at £67.4 billion, compared to its previous bid of 4215p.Peroni to Groslch brewer SABMiller's shares rose as much as 1.5% on the higher offer, before trimming gains.The stock was last at 3696.5p, up 28p or 0.7% on the day, putting it among the FTSE 100's top risers. SAB last week defended itself against the takeover, saying it would double the cost savings it had flagged for the next five years.Read MoreBlue Posts boss: If opening a pub becomes so risky, people just won't do itCulpeper pub boss: Rates system is not fit for purpose — and not fairWetherspoon to reveal Christmas trading amid challenging backdrop for pubsSponsoredLittle masterpieces: The ING Discerning Eye exhibition returnsIt also brought forward a trading statement saying it has "a strong business with exceptional long-term prospects".SAB was reported to have said was the minimum price at which it would consider a bid was 4500p a share.It has yet to respond publicly to the revised proposal.MORE ABOUTMergers And AcquisitionsSABMillerAB InBev
