Hostile bid for Anheuser-Busch could get ugly

by Luiz Castro | June 26, 2008 at 07:17 pm | 231 views | 4 comments

That is an update to Brazilians place an unsolicited $46.3bn bid for Anheuser- Busch and Is Budweiser an American icon ?

Belgian-Brazilian InBev may get a warmer welcome in St. Louis if it raises its $46.3 billion takeover offer for iconic U.S. brewer Anheuser-Busch Cos Inc rather than launching a hostile bid.

The maker of Budweiser beer rejected on Thursday the initial $65-per-share offer from InBev, which makes Stella Artois and Beck's, leaving the door open to higher bids and other strategic options.

But the board's rejection came mere hours after InBev filed a lawsuit in Delaware Chancery Court seeking to empower Anheuser shareholders to ax its entire board.

The lawsuit is a sign a fight is brewing, experts say, but a hostile bid could backfire and may not be as successful as a friendly offer at a higher price.

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Rhonda J Mangus

at 19:25 on June 26th, 2008

good stuff:

lfcastro, I like this story. It's good stuff.

Luiz Castro

at 19:28 on June 26th, 2008

Thank you Rhonda.

Rhonda J Mangus

at 19:45 on June 26th, 2008

You are very welcome, Ifcastro!

agdobson

at 20:58 on July 13th, 2008

Anheuser approves InBev takeover

The takeover will create the world's biggest brewer

The US brewer Anheuser-Busch has agreed to be taken over by Belgium-based InBev, in a move that will create the world's largest beer maker.

The $50bn (£25bn) takeover bid by InBev, which makes Stella Artois beer, was accepted by Anheuser's board.

The combined company will now be called Anheuser-Busch InBev.

Anheuser makes Budweiser - seen as a traditional American beer - and some US politicians had expressed anger at the prospect of a foreign takeover.

The company controls nearly half of the US market, while InBev is strong in Western European and Latin American markets.