Companies / Belgium
Anheuser-Busch Rejects Takeover Bid
June 2008 | Company News AlertUS Brewer Anheuser-Busch (A-B) has snubbed a takeover approach from InBev, claiming that the US$65 per share offer is too low. The bid represents a premium of around 30% on A-B's share price before rumours of a bid emerged ,and it will therefore be difficult for A-B's board to convince its shareholders that it can create more value by going it alone. InBev now looks set to launch a hostile bid and could appeal directly to shareholders to remove the incumbent
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Americas Food and Drink Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Americas Food and Drink Insight please click on the trial link below.
