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November 22, 2008 9:43:54 CST

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

Posted Jun 11, 08 10:28 PM CDT in US,  Business 

(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.

Sources Wall Street Journal, New York Times

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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)
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.   (AP Photo/Jeff Roberson)
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)
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AT&T • Anheuser-Busch • Budweiser • St. Louis • InBev • Proctor • Carlsberg • Stella Artois • Miller Brewing • Cingular • Heineken • Bud Light • Gillette • Molson Coors


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