This Bid's for Bud: Belgian Brewer Offers $46B

InBev wants to buy Anheuser-Busch
By Peter Fearon,  Newser Staff
Posted Jun 11, 2008 10:28 PM CDT
Bottles of Budweiser Select beer moves along a conveyer systen at the brewery's headquarters packaging and bottling plant in St. Louis, the headquarters for Anheuser-Busch.    (AP Photo/James A. Finley, file)
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(Newser) – The Belgian-based brewer InBev has made a $46 billion cash bid for US beer giant Anheuser-Busch in what would be one of the largest foreign acquisitions of an American corporation, the Wall Street Journal reports. If it goes through—a prospect that is far from certain—the 132-year-old Budweiser brand will be in foreign hands.

The combined companies would create the world's largest brewer. But Anheuser, based in St. Louis, has been assembling a team of bankers and lawyers in recent weeks to help it mount a defense, the New York Times reports. A nasty battle could draw in a familiar name: Warren Buffett, who happens to be Anheuser's second-largest shareholder.