Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

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

(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.

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.
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)
The Budweiser sign atop the Anheuser-Busch brewery in St. Louis. Belgium-based brewer InBev has offered to buy the company for $46.5 billion.
The Budweiser sign atop the Anheuser-Busch brewery in St. Louis. Belgium-based brewer InBev has offered to buy the company for $46.5 billion.   (AP Photo/Jeff Roberson, file)
Budweiser chills in the cooler of a liquor store. Belgium-based brewer InBev has offered to buy the company for $46.5 Billion.
Budweiser chills in the cooler of a liquor store. Belgium-based brewer InBev has offered to buy the company for $46.5 Billion.   (AP Photo/David Zalubowski)
Cars stream past a sign advertising Budweiser beer, in St. Louis. Anheuser-Busch Cos. Inc., the maker of Budweiser, Bud Light and other beers, is the target of a stunning takeover bid.
Cars stream past a sign advertising Budweiser beer, in St. Louis. Anheuser-Busch Cos. Inc., the maker of Budweiser, Bud Light and other beers, is the target of a stunning takeover bid.   (AP Photo/Jeff Roberson)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne