A monster brewing deal is in the works but only at the right price. Reports this morning indicate that SABMiller has turned down Anheuser Busch Inbev’s (BUD) 3rd buyout offer, the latest being worth $104 billion. AB Inbev CEO Carlos Brito told USA Today ‘we have the highest respect for SABMiller, its employees and leadership and believe a combination of the two companies would build the first truly global beer company.’ The sky may be falling at KFC parent company Yum Brands (YUM). It said profit and sales will miss estimates and China is to blame. Shares are down 18% in the pre-market. Same stores sales in China, where it generates more than half of its operating profit rose 2% when almost 10% was expected. Adobe (ADBE) warned about its 2016 profits. It is partly due to a strong dollar, sending its shares down as much as 13% in extended trading.
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