Commodities help European shares set 1-month high
* Pan-European FTSEurofirst 300 index up 1 pct
* Mining and energy shares among top gainers
* SABMiller up after InBev's revised offer
* Airlines down on stronger crude oil prices
By Atul Prakash
LONDON, Oct 7 (Reuters) - European shares rose for a fourth straight session to a one-month high on Wednesday, with SABMiller gaining after a revised offer from Anheuser-Busch InBev and commodities stocks extending their recent strong gains.
Shares in SABMiller rose more than 3 percent after AB InBev, the world's biggest brewer, increased its bid for its rival to 42.15 pounds per share in cash, valuing SABMiller at nearly 68 billion pounds ($103.63 billion).
"The brewing sector has been desperate for M&A all year and we will continue to see such attempts as margins are under pressure and consolidation is a way going forward," Lorne Baring, managing director of B Capital Wealth Management, said.
Baring said the commodities sector probably saw its bottom in late September and has got a short term base to advance further, but owning miners even at these levels still presented an elevated amount of risk. Continuación...