admin
06-12-2008, 11:44 AM
Belgium brewer makes $46 billion unsolicited bid for A-B
After months of speculation and shady news reports from European news sources in the last week, it was officially announced yesterday that Anheuser-Busch has received an unsolicited $65-per-share offer from Belgian brewer InBev to buy the brewer. With more than 713 million shares outstanding, the bid is valued at more than $46.3 billion.
Anheuser-Busch's board of directors will evaluate the proposal and make its decision to InBev's proposal in due course. This could take months before a definitive course is set.
The $65-per-share price is a roughly 24 percent premium to Anheuser-Busch's closing price of $52.58 a share May 22 this year, the day before a Financial Times blog cited anonymous sources who said InBev is preparing its bid for Anheuser-Busch.
Anheuser-Busch became the exclusive U.S. importer for InBev's European portfolio, which includes beer brands Stella Artois, Beck's and Bass Pale Ale, in February 2007.
After months of speculation and shady news reports from European news sources in the last week, it was officially announced yesterday that Anheuser-Busch has received an unsolicited $65-per-share offer from Belgian brewer InBev to buy the brewer. With more than 713 million shares outstanding, the bid is valued at more than $46.3 billion.
Anheuser-Busch's board of directors will evaluate the proposal and make its decision to InBev's proposal in due course. This could take months before a definitive course is set.
The $65-per-share price is a roughly 24 percent premium to Anheuser-Busch's closing price of $52.58 a share May 22 this year, the day before a Financial Times blog cited anonymous sources who said InBev is preparing its bid for Anheuser-Busch.
Anheuser-Busch became the exclusive U.S. importer for InBev's European portfolio, which includes beer brands Stella Artois, Beck's and Bass Pale Ale, in February 2007.