83.9 F
San Fernando
Tuesday, Aug 9, 2022
-Advertisement-

Belgian firm bids for Bud

. LOUIS , Anheuser-Busch Cos., the nation’s biggest brewery, received a $46 billion buyout offer from a Belgian brewer that might be too good to refuse. The maker of Budweiser beer disclosed late Wednesday that InBev SA, whose brands include Beck’s and Stella Artois, delivered an unsolicited all-cash bid of $65 a share. It’s unclear whether senior Anheuser-Busch executives think the deal makes sense, but shareholders may be drawn to the offer that represents a sizable premium over the company’s closing price of $58.35 Wednesday. If the deal goes through, it would create the world’s largest beer company and mark just the latest phase of consolidation in a global brewing industry that is facing rising ingredient costs and stale demand in the United States. For the full story visit http://www.dailynews.com/ci_9557587

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-