Anheuser-Busch InBev NV is lining up banks including Bank of America Corp. and Banco Santander SA to arrange as much as US$70 billion in financing as it prepares to make a takeover proposal for SABMiller Plc, according to reports from Bloomberg News.

Reports from the US say that Anheuser-Busch, the biggest brewer in the US and part of A-B InBev, the world’s largest brewer, is being sued for watering down its Budweiser, Michelob and other brands.