Anheuser-Busch/InBev Lining Up $70-Billion For SAB Miller Takeover Deal

From Bloomberg:

Anheuser-Busch InBev NV is lining up banks including Bank of America Corp. and Banco Santander SA to arrange as much as $70 billion in financing as it prepares to make a takeover proposal for SABMiller Plc, according to people familiar with the matter.

Deutsche Bank AG, BNP Paribas SA & Societe Generale SA have also submitted financing proposals to the world’s biggest brewer, said the people, asking not to be named as the matter is private. AB InBev is working with about 10 banks to arrange total financing of $50 billion to $70 billion, they said. Talks are ongoing and the timing of any offer will depend on finalizing the funding package, they said.

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