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There seems to be general satisfaction that SAB chairman Jan du Plessis made a correct call when he dismissed AB InBev's £65bn offer as a "very substantial undervaluation".
So much for the idea that last week's offer of £42.15 was a "very substantial undervaluation".
In its most recent installment of a twice-yearly report to Congress on the exchange and economic policies of the United States' major trading partners, the Treasury Department said that China has "resisted very strong market pressures" for currency appreciation and that its "real effective exchange rate exhibited persistent and substantial undervaluation".
"We unanimously agreed this was a significant undervaluation of the company, for that reason we didn't feel we needed to approach all our shareholders," she said.
The most recent batch of debentures from 2016 to 2020 sold for £50,000 each, but some club officials considered that this was a significant undervaluation.
A substantial number of Republicans have spoken up in favor of -- finally -- dealing with the currency undervaluation that fuels the foreign export of manufactures to the United States.
We made a substantial bid.
A substantial and satisfying volume.
This is a substantial upgrade".
A substantial irony enters here.
That is a substantial amount.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com