Beer And A Bump

| About: Anheuser-Busch InBev (BUD)
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SABMiller holders get a bump.

Westar deal needs MO approval.

We discuss Warren Buffett’s secret cabal.

Welcome to the Improved Deal issue of M&A Daily


AB Inbev (NYSE:BUD) bumped its offer to acquire SABMiller (OTCPK:SBMRY) by one pound. Shareholders of SABMiller holders will now get £45 for the cash consideration.


Melrose (OTC:MLSPY) shareholders approved the deal with Nortek (NASDAQ:NTK).


Envision (NYSE:EVHC) has started seeking regulatory approval for its deal with Amsurg (NASDAQ:AMSG).

Virgin America

Virgin America (NASDAQ:VA) shareholders approved their acquisition by Alaska Air (NYSE:ALK).


Samsonite (SMSEYK) holders approved their acquisition of Tumi (NYSE:TUMI).

du Pont

du Pont (DD) expects the acquisition by Dow (DOW) to close later this year.

Cash America

First Cash (NASDAQ:FCFS) and Cash America (NYSE:CSH) deal cleared its HSR review. First Cash entered into a $400 million unsecured revolving bank credit facility.


Starwood (HOT) expects the acquisition by Marriott (NYSE:MAR) to close in the coming weeks subject to regulatory approval in China.


The Medtronic (NYSE:MDT) tender offer for Heartware (NASDAQ:HTWR) expires on August 22. HSR expired yesterday.


Great Plains (NYSE:GXP) must seek approval from the Missouri Public Service Commission regarding its acquisition of Westar (NYSE:WR). The $4.99 arb spread offers a 10% IRR if the deal closes by next June. More to come in future editions of M&A Daily

Elsewhere on Seeking Alpha

Disclosure: I am/we are long WR, BRK.A, BRK.B.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.