Anheuser-Busch InBev (ABI.BR), the world’s largest brewer, launched an improved offer for SABMiller (SAB.L) on Wednesday, offering just over 68 billion pounds ($104 billion) for its largest rival to extend its reach into Africa and other markets. The company said in a statement it was offering 42.15 pounds per SABMiller share, having already made two prior offers at 38 and 40 pounds. AB InBev said it believed the offer would be attractive to SABMiller shareholders, adding it was disappointed the UK-based company’s board had rejected both previous approaches.