SABMiller formally rejects higher InBev offer
Brewer SABMiller
London - Arab Today
Brewer SABMiller on Wednesday said its board had "unanimously rejected" the third takeover offer from rival AB InBev, insisting it "substantially" undervalues the group.
"The board, excluding the directors nominated by (biggest shareholder) Altria Group Inc., has unanimously rejected" the improved 68-billion-pound ($103-billion, 92-billion-euro) offer "as it still very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects", said a statement.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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