- UAE Central Bank Stands by Banks Amid Dubai Crisis
- UAE Markets Seen Limit Down on Monday Open
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Tiger Woods Accepts Full Blame for Car Crash
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Big US Banks May Be Forced to Raise Capital: Bove
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
Text Size 
Anheuser-Busch said on Wednesday that it received a $46.3 billion takeover bid from Belgium's InBev
 |
The Anheuser-Busch headquarters in St. Louis, Mo. |
InBev, which makes Stella Artois and Beck's, is offering $65 per share for Anheuser, which is the leading U.S. brewer with 48.5 percent of the market.
Its shares [BUD
Loading...
()
]closed at $58.35 on Wednesday on the New York Stock Exchange. News of the bid sent the U.S. brewer's shares up about 7 percent.
Anheuser, which makes Budweiser and Michelob, said its board of directors "will evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch's long-term strategic plan."
The company said its board expects to make a determination regarding the proposal "in due course."
In addition to its core brands like Budweiser and Bud Light, St. Louis-based Anheuser owns 50 percent of Mexican brewer Modelo
As of March 31, Anheuser had about 714 million shares outstanding. (See more in the accompanying CNBC video.)
CNBC reported late Wednesday that InBev was moving closer to making an unsolicited bid for Anheuser-Busch.
InBev is based in Belgium and was formed by the 2004 merger of Belgium's Interbrew and Brazil's AmBev.
Embarking on a forced cross-border deal for an American icon of similar size can be difficult, but sources told CNBC that InBev executives believe there's a large enough constituency of frustrated shareholders at Anheuser-Busch to bolster their attempt to get a deal done.
InBev has spent much of the last few weeks trying to gain certainty that should it move ahead with a bid for Anheuser-Busch and that it can raise the financing necessary to back a bid.
- Reuters contributed to this report.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes