Shares in SABMiller rose 7% yesterday to £22.48, its biggest daily rise in three years, on the back of speculation that it was $80bn bid target for rival. The speculation arose after a Brazilian news website IG reported that the SABMiller was in talks to be bought by larger competitor Anheuser-Busch InBev, with a deal “close to finalising”. Analysts played down the rumour claiming that Anheuser-Busch would struggle to raise the debt for such a deal in the current climate. Last month, SABMiller said it would complete its acquisition of Foster’s Group by the end of the year, with the two companies agreeing an offer for the Australian brewer of A$9.9bn (£6.47bn), or A$5.10 (£3.33) per share.