St. Louis Public Radio News
10:12 am
Fri July 11, 2008

Report: AB may accept new InBev offer this weekend

SAINT LOUIS, MO – According to media reports, Anheuser-Busch's board is likely to accept a sweetened buyout offer from the Belgian-based brewer InBev.

The New York Times and The Wall Street Journal both cite unnamed sources in reports that the talks have become friendly.

The Journal reports that InBev has boosted its takeover offer for the St. Louis-based maker of Budweiser, Bud Light and other beers by $5 a share to $70.

The companies did not immediately respond to requests for comment.

InBev announced a $46 billion takeover bid on June 11. The Anheuser-Busch board rejected it as too low. But InBev pushed ahead, seeking to replace Anheuser's Busch board with one that would be more open to a buyout.

The Journal says the Anheuser-Busch board is likely to accept the offer this weekend.