AB InBev SA (BUD) Planning ~5,500 Job Cuts as Part of SABMiller Merger While Paying Largest M&A Fees Ever
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AB InBev (NYSE: BUD) is said to be mulling a workforce reduction of around 5,500 jobs following completion of its merger with SABMiller.
The Financial Times noted shareholder documents released earlier in the session on the news.
AB InBev's £79 billion takeover of SABMiller will also produce some of the largest fees paid to bankers, legal advisors, and PR companies. In total, around £1.74 billion is expected to be paid out. Advisors will receive £135 million, while financing banks will get £725 million. PR companies will receive £20 million and accountants will get £15 million.
Management consultants and other related parties will get £185 million.
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