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LONDON — Budweiser maker Anheuser-Busch InBev’s $106 billion bid for SABMiller has been delayed as the world’s two biggest brewers iron out details of the complex deal that ultimately needs the approval of regulators stretching from the United States to South Africa.
The U.K.’s Takeover Panel on Wednesday granted a one-week extension, until Nov. 4, of the deadline for AB InBev to make a formal offer.
The companies said Wednesday that AB InBev had confirmed the financial terms of the agreement in principle announced Oct. 13, as well as arrangements to finance the cash portion of the offer.
London-based SABMiller requested the extension so talks on “other aspects of the transaction” could continue.
