Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Dissident SABMiller shareholder Aberdeen disappointed with vote

Wed, 28th Sep 2016 11:57

LONDON, Sept 28 (Reuters) - Aberdeen Asset Management, an SABMiller shareholder that opposed thebrewer's takeover by Anheuser Busch InBev, said it was"obviously disappointed by not surprised by" the resoundingapproval shareholders of SABMiller gave the deal.

SAB shareholders overwhelmingly approved the 79 billionpound ($102.8 billion) takeover on Wednesday.

"Whilst the vote has not gone our way we do take comfortthat our engagement with the board and management helped tosecure a better deal for our clients albeit the final pricestill significantly undervalued SABMiller in our view," thecompany said in a statement.

Aberdeen owns a 1.2 percent stake in SABMiller worth over $1billion, according to Reuters data, making it the company's 12thlargest shareholder.

($1 = 0.7683 pounds) (Reporting by Martinne Geller in London; editing by JasonNeely)

Related Shares

More News
13 Dec 2016 10:51

UPDATE 3-Asahi to buy East European beer brands from AB InBev for $7.8 bln

* Asahi to buy brands for $7.8 billion * Expects to close deal in first half of 2017 * Asahi shares close down 4.6 pct on funding questions (Adds va...

5 Oct 2016 05:21

PRESS: Asahi To Make Bid For SABMiller Eastern Europe Units

4 Oct 2016 11:47

SABMiller Says UK Court Sanctions Scheme For AB InBev Merger

28 Sep 2016 10:20

UPDATE 1-SABMiller shareholders comfortably back AB InBev takeover offer

(Updates after SABMiller shareholder vote) * Deal seen closing on Oct 10 * AB InBev to retain name after takeover * Deal adds Africa, Latin American m...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.