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By Martinne Geller LONDON (Reuters) - Brewer SABMiller Plc, facing an unsolicited $100 billion takeover offer from Anheuser-Busch InBev, announced an expanded cost-savings plan on Friday, aiming to show how much value it can generate in the next five years by going it alone. On a day the chief executives of both companies were meeting with SAB shareholders to plead their cases, SAB said it now expects to reach annualized cost savings of at least $1.05 billion by 2020. "They want a higher price and they're arguing for it," said Berenberg analyst Javier Gonzalez Lastra.
LONG BEACH, Calif. (AP) — The California Coastal Commission on Thursday approved a $100 million expansion of the tanks SeaWorld uses to hold killer whales in San Diego — but it banned breeding of the captive orcas that would live in them.