Two South American beer kings spar again over AB InBev deal

Once again, Colombia's richest family is standing between South America's biggest billionaire and his plans for expanding his brewing empire. With a 14 percent stake in SABMiller and two seats on the board, the Santo Domingos have the power to thwart Brazil's Jorge Paulo Lemann, a co-founder of the buyout firm 3G Capital and a top shareholder in Anheuser-Busch InBev. The maker of Budweiser made an offer of about $100 billion for SABMiller with a two-tier proposal that would pay 37.49 pounds a share in cash and stock for the two largest shareholders' stakes. Altria Group Inc., which has the most, urged the company to consider the proposal, but AB InBev said the Santo...