retail news in context, analysis with attitude

• The New York Times reports that Anheuser-Busch InBev "raised the price it has offered to pay for its rival SABMiller on Tuesday, making it the latest in a series of deals that have been affected — or in some cases driven — by the declining value of the pound after Britain’s vote to leave the European Union." While the two companies agreed to the deal late last year, the Brexit vote meant that "uncertainty ... has weighed on the value of the pound against the dollar and the euro."

A-B now says it is willing to pay the equivalent of $59 (US) a share for SABMiller, up $1.31 (US) per share from its original offer. The new deal values SABMiller at the equivalent of $103 billion (US).
KC's View: