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AB InBev eyes SABMiller to create Peroni and Grolsch brewing giant SABMiller has revealed it has been approached by rival Anheuser Busch InBev with a takeover plan to form a $280 billion (181.7 billion) colosuss in the world's beer industry. SABMiller shares, which have been subject to takeover speculation for several months, soared more than 20% on the news, valuing the London based drinks giant at 59 billion. In a brief statement to the stock market SABMiller said: "The board of SABMiller notes the recent press speculation and confirms that Anheuser Busch InBev ("ABInBev") has informed SABMiller that it intends to make a proposal to acquire SABMiller. "No proposal has yet been received and the Board of SABMiller has no further details about the terms of any such proposal." It urged shareholders to take no action and said there was no certainty that any deal would be forthcoming. Earlier this year there was speculation that 3G Capital, a secretive investment firm run by a group of Brazilain billionaires, was plotting a 75 billion consortium takeover of SAB Miller which could also have involved AB Inbev. Later 3G backed Warren Buffet's Heinz 100 billion takeover of Kraft this year. This week it emerged that SABMiller's biggest shareholder Altria, the maker of Marlboro cigarettes and a 27% shareholder in the brewer, had cancelled two conferences at which it was due to have met investors.