SABMiller may bid for Scottish & Newcastle

Brewer SABMiller is considering a bid to acquire rival Scottish & Newcastle in a $12.8 billion deal, Britain’s Sunday Express reports.

Quoting unnamed sources it said were close to SABMiller, the paper said a bid could be made for the rival brewer within days.

The newspaper reported that, if it succeeded in acquiring the rival company, SABMiller planned to sell Scottish & Newcastle’s British interests — including the country’s best-selling lager Foster’s — and the firm’s French business interests to spirits giant Diageo. also reports that India’s United Breweries has the first right of refusal when it comes to an S&N deal.

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