SABMiller stops combination deal with AB InBev: sources

© Reuters. The ticker sign and trading details for Anheuser-Busch InBev is displayed on a screen on the floor of the NYSE

LONDON (Reuters) – SABMiller (L:-RRB- has asked employees to pause the process of integrating its operations with those of Anheuser-Busch InBev (BR:-RRB- as the brewer’s board weighs its sweetened takeover offer, according to sources knowledgeable about the matter. The time out in operations is not a sign of the board’s thinking, said one of the sources, who decreased to be determined as the matter is personal. The world’s leading brewers had actually been preparing to combine for months, given that they agreed a deal last year. But that deal hit the rocks in recent weeks due to a sharp fall in the pound following Britain’s vote to leave the European Union. AB InBev, maker of Budweiser and Stella Artois, launched a sweetened offer on Tuesday, which SAB is in the procedure of discussing with its advisors and shareholders. Officials for SABMiller and AB InBev decreased to comment.
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