(Reuters) - Anheuser-Busch InBev (>> ANHEUSER-BUSCH INBEV) on Monday confirmed it had made a higher 43.50 pound-per-share takeover proposal for SABMiller (>> SABMiller plc) as the world's largest brewer tries to win over its smaller rival to create a global brewing giant.

The cash proposal, AB InBev's fourth, represents a premium of over 48 percent to SABMiller's closing price on Sept. 14, AB InBev said in a statement.

(Reporting by Esha Vaish in Bengaluru; Editing by Saumyadeb Chakrabarty)

Stocks treated in this article : ANHEUSER-BUSCH INBEV, SABMiller plc