The biggest deal of the year couldn't stop the FTSE 100 falling
The FTSE 100 closed down 0.45% in London on Tuesday despite a stellar day for brewer SABMiller.
SABMiller ended the day up 9% at £39.48 ($60.18) after reaching an agreement on a £44 ($67.07) a share takeover offer from US rival AB InBev. The mammoth deal values SAB, which makes beers such as Peroni and Fosters, at over £71 billion ($108.2 billion).
Investing.com
Royal Mail was the biggest faller on the index, down 4.2%, after the government sold its final stake in the postie. Barclays also closed down 2% on reports that former JPMorgan banker Jes Staley is set to become the new CEO.
Here's how the rest of Europe looks Tuesday afternoon:
German DAX: -0.83%
French CAC 40: -0.94%
Euro Stoxx 50: -0.76%
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