SABMiller Reorganizes In Ecuador

SABMiller Reorganizes In Ecuador

M&A

Anglo-South African brewer SABMiller is reorganizing its businesses in Ecuador. On Thursday, the company announced the results of its tender offers for shares in its three Ecuadorian subsidiaries and the approval of a merger between two of the entities. SABMiller said that acceptances were received from 62%, 58% and 78% of the non-SABMiller holders of CCN, Andina and Agrilsa shares, respectively, following the company's tender offers in late October to buy shares at $36.25 per share. This means

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