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Friday, May 23, 2008

Financial Times: InBev Targets Anheuser-Busch

Posted By on Fri, May 23, 2008 at 12:11 PM

According to the Alphaville blog of the Financial Times, Belgian beverage giant InBev is putting together a $46-billion takeover plan for Anheuser-Busch.

A direct approach to approach to Anheuser chief executive August Busch IV is being planned, although expecting a cool reception, the InBev team are preparing to send a follow up letter to the American group's entire board, mapping out terms that are expected to be pitched at $65 a share. If Anheuser refuse to commence friendly talks, InBev is considering a public appeal direct to the target's shareholders.

Read the entire post right here.

-Ian Froeb

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