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SABMiller shares are diving on fears its $250 billion merger could tank

SABMiller shares are diving on fears its $250 billion merger could tank

October 6, 2015

Via: itCurated
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Shares in beer maker SABMiller dived at the market open in London on Tuesday on fears that its $250 billion (£165 billion) mega-merger with rival US brewer ABInBev could collapse.

SABMiller, which makes beers such as Peroni and Pilsner Urquell, dived 2% at the start of trade and is currently down 1.7% at 8.26 a.m. BST (3.26 a.m. ET).

It comes after a report in the New York Post said that the expected $250 billion merger between SABMiller and ABInBev, which makes beers such as Stella Artois, Budweiser, and Corona, could crash before it even gets off the ground.