Budweiser beer cans at a concession stand at McKechnie Field in Bradenton, Florida.
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The world's two biggest brewers agreed Tuesday to create a company making almost a third of the world's beer after SABMiller received an improved offer worth more than $100 billion from larger rival Anheuser-Busch InBev.AB InBev said Tuesday it would now pay 44 pounds in cash per SABMiller share, with a partial share and cash alternative valued at 39.03 pounds a share designed to appeal only to SABMiller's two biggest shareholders, who together own nearly 41 percent of the company.The parties have agreed that AB InBev would pay a break fee of $3 billion to SABMiller if the deal falls through due to the significant regulatory issues or because AB InBev shareholders do not back it.Together with the cash offer to other shareholders, the total price AB InBev is offering to pay for SABMiller is worth 68.5 billion pounds ($104.2 billion) at current prices.SABMiller shares were up 9.3 percent at 39.60 pounds by 14:05 GMT, when AB InBev's share price was up 1.8 percent at 100.10 euros.
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