Receive Breaking News updates as they occur
LONDON (AP) — Budweiser maker Anheuser-Busch InBev increased its cash offer for SABMiller to 45 pounds ($58.98) per share to blunt a revolt by investors who had seen the relative value of their payout plummet as the pound declined following Britain's vote to leave the European Union.
CARACAS/BOGOTA (Reuters) - Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders in recent years: a multi-billion dollar project in the Orinoco Belt, the world's largest crude reserve. Then, out of the blue, a tiny Colombian trucking and trading firm with no relevant experience beat global industry leaders to win the contract, worth around $4.5 billion according to one PDVSA [PDVSA.UL] document.