Anheuser-Busch goes to court to fight shareholder lawsuits
Attorneys for Anheuser-Busch go to court in St. Louis to fight a shareholder lawsuit related to the possible takeover by rival brewer InBev.
By Agencies |
ST LOUIS: Attorneys for Anheuser-Busch go to court in St. Louis to fight a shareholder lawsuit related to the possible takeover by rival brewer InBev.
The New Jersey Carpenters Annuity and Pension Funds filed the lawsuit. It claims Anheuser-Busch's board of directors has hurt shareholders by not accepting InBev's unsolicited $46 billion purchase offer.
Anheuser-Busch attorneys argued in court on Wednesday that the case should be decided in Delaware, where the company is incorporated. Nine lawsuits have already been filed there and they allege the same points as the carpenters' lawsuit.
Anheuser-Busch's board rejected the offer last week. InBev says it is dedicated to buying the biggest US brewer, even if it means asking shareholders to overrule the board.
The New Jersey Carpenters Annuity and Pension Funds filed the lawsuit. It claims Anheuser-Busch's board of directors has hurt shareholders by not accepting InBev's unsolicited $46 billion purchase offer.
Anheuser-Busch attorneys argued in court on Wednesday that the case should be decided in Delaware, where the company is incorporated. Nine lawsuits have already been filed there and they allege the same points as the carpenters' lawsuit.
Anheuser-Busch's board rejected the offer last week. InBev says it is dedicated to buying the biggest US brewer, even if it means asking shareholders to overrule the board.
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