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British brewer SABMiller announced Tuesday that it had agreed a takeover by Anheuser-Busch InBev, the world's biggest beer producer, in a deal worth about $109 billion ( Â£71 billion, 96 billion euros). Belgian-Brazilian group AB InBev, the maker of Budweiser and Stella Artois lagers, struck a deal with the maker of Foster's and Grolsch at the fifth time of asking. Including debt, the cost of buying SABMiller is around $117 billion, making it the world's third biggest takeover after two mega mergers across the telecoms sector.
LOS ANGELES (AP) — California lawmakers have taken the first step toward accomplishing something Major League Baseball could never do: Stop players from stuffing those big wads of chewing tobacco into their mouths during games.