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Anheuser-Busch the target of a takeover?

By Bill Raack, KWMU

St. Louis, MO – Anheuser-Busch could be the target of a takeover by the world's largest beer brewer -- InBev.

Shares of Anheuser-Busch stock rose sharply early today on news that the Belgium-based InBev is working on a $46 billion bid for the St. Louis brewer.

There have been rumors of InBev's interest in Anheuser-Busch for months and Smith, Moore and Company analyst Juli Niemann says the move makes sense.

"This is a highly competitive industry. We've got huge costs. Costs basically are going through the roof . Packaging costs are enormous. Transportation costs are enormous. And it's all about getting the costs out. InBev is a master at getting the costs out. So, basically this would be a very good fit for them," she said.

Neither Anheuser-Busch nor InBev are commenting on the takeover report, which surfaced on a blog run by the Financial Times of London.

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