Heineken Rejects Offer & Buyout Tactics From SABMiller

From Bloomberg:

Heineken, the brewer of Amstel Light, confirmed in a statement that it turned down the offer and said it intends to remain independent. SABMiller’s preliminary approach was rejected by the family that controls Heineken, Bloomberg News reported yesterday, citing people who asked not to be identified because the information is private. The offer, made in the last two weeks, would have made the family one of the combined company’s largest holders, one of the people said.

Heineken determined SABMiller’s proposal was “non-actionable,” the company said in its statement. “The Heineken family and Heineken N.V.’s management are confident that the company will continue to deliver growth and shareholder value.”