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LONDON — The deal for a mega-merger in the beer industry is heating up.
Anheuser-Busch InBev has upped its offer for rival SABMiller to $108.2 billion in its latest bid Monday, according to The Associated Press.
This new bid comes a month after the No. 1 beer player A-B InBev made public its intention to acquire the No. 2 player SABMiller. The latest offer values SABMiller at 43.50 pounds a share, 3.2 percent more than its last bid and 14 percent higher than its initial offer, the news outlet reported.
SABMiller declined to comment on the latest offer, the AP added.
If a deal goes through, it is expected to draw scrutiny from regulatory bodies across the globe for anti-competitive reasons.
According to the news outlet, A-B InBev is facing a 5 p.m. Wednesday deadline to make a formal offer under United Kingdom takeover rules. Discussions could continue past the deadline if SABMiller requests an extension.