Monday, June 16, 2008

Offer Says, ‘This Bud’s for InBev’ -

‘This Bud’s for InBev’ -
"Anheuser-Busch, which responded to InBev’s bid by saying it would review the proposal, has been exploring ways to thwart InBev’s $46.4 billion takeover offer. Busch is based in St. Louis. Anheuser-Busch, the maker of Budweiser, owns 50 percent of Grupo Modelo, the brewer of Corona, and might try to make itself too expensive to take over by purchasing the remaining half....,"
In response to this plan, InBev has asked Bud to refrain from any further acquisitions:

"“It is our strong belief that no alternative transaction that you could effectuate would create more value for your shareholders,” said Carlos Brito, the chief executive of InBev, in a letter Sunday to August Busch IV, chief executive of Anheuser-Busch, according to a statement."

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