InBev raises Anheuser bid to $50 bn
InBev raised its takeover offer for Anheuser-Busch by $3.6 billion to $49.9 billion, and the two brewers are now discussing a possible merger, a person with knowledge of the talks said.
By Bloomberg |
NEW YORK/DUBLIN: InBev raised its takeover offer for Anheuser-Busch by $3.6 billion to $49.9 billion, and the two brewers are now discussing a possible merger, a person with knowledge of the talks said. Discussions over the $70-a-share bid may still fall through, said the person, who asked not to be identified because the negotiations aren���t public.
InBev���s increased bid may end a month of opposition from the St. Louis-based beermaker, which said InBev���s first proposal of $65 a share was inadequate. The two brewers brought their fight into court last month, and the new talks might help avert a prolonged legal fight. ���Negotiating is probably the best option for both parties,��� said Nikolaas Faes, an analyst at Exane BNP Paribas with a ���neutral��� rating on InBev.
W Randolph Baker, Anheuser-Busch���s chief financial officer, said in an e-mailed statement the company���s policy is not to comment on ���rumours.��� A takeover of Anheuser would give Leuven, Belgium-based InBev control of the 132-year-old Budweiser brand, which it would sell alongside Stella Artois lager and Bass ale.
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