September 7, 2008
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Busch shareholders get takeover bid plea
Brewer InBev SA made a plea yesterday to Anheuser-Busch shareholders to challenge the U.S. beer company's rejection of its unsolicited $46 billion takeover bid. InBev Chief Executive Officer Carlos Brito insisted that his offer of $65 a share was "full and fair" and gave shareholders immediate certainty as stock markets plunge. On Thursday, the Anheuser-Busch board rejected InBev's offer as "financially inadequate," launching a plan to boost earnings growth to win shareholder support to stay independent.
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