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Hours later, Capital Shopping's directors unanimously rejected the plan, saying it "very substantially" undervalued the company and its prospects.
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They are backing the SAB board's view that a £65bn takeover offer "very substantially undervalues" the company.
SABMiller said: "The board, excluding the directors nominated by Altria Group Inc ,has unanimously rejected the £42.15 proposal as it still very substantially undervalues SABMiller, its unique and unmatched footprint, and its standalone prospects".
SAB's chairman Jan du Plessis has rebutted three informal bids and claimed that AB InBev "still very substantially undervalues SABMiller".
The FTSE 100 brewer behind Peroni and Grolsch quickly rejected InBev's new proposal, saying it "still very substantially undervalues SABMiller".
"We think we are substantially undervalued right now".
For its part Mouchel said the approaches substantially undervalued the company and had been rejected.
"The market badly needs a statement from the Americans that the euro is substantially undervalued and the dollar is substantially overvalued," said Klaus Friedrich, chief economist at Dresdner Bank A.G.
China says that its currency is not substantially undervalued and that it is moving ahead with currency reform.
The LSE said the new £2.7 billion ($5.1 billion) offer still "substantially" undervalued it, and spurned a proposal for further talks.
He was worth, easily, more than any player; his services were more substantially undervalued than those of any player he'd ever acquired.
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