Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

RSS FEED

» Help

Current DateTime: 02:49:36 27 Nov 2009
LinksList Documentid: 30078629
powered by digg

Warren Buffett Watch

Text Size
Jul.14
11:18 AM ET
Monday, 14 Jul 2008
Warren Buffett's Bud Beer Money: $2.5 Billion

Warren Buffett - Anheuser Busch - $2.5 Billion
Warren Buffett's Berkshire Hathaway will get almost $2.5 billion in cash as part of InBev's now friendly $50 billion deal to acquire Anheuser-Busch.

Berkshire is the St. Louis brewer's second largest shareholder, with 35,563,200 shares (as of its most recent SEC filing for March 31.)

At the sweetened price of $70 in cash each, Belgium's InBev will be paying Berkshire $2,489,424,000 for its stake.  That's about $178 million more than if Anheuser-Busch had accepted InBev's initial offer of $65 a share.

Current Anheuser-Busch price: [BUD  Loading...      ()   ]

Publicly, Buffett has been very quiet about InBev's courtship of Anheuser, perhaps because the prospect of foreign ownership for such an "American" brand hasn't been very popular around St. Louis.

Last week, he told our Julia Boorstin he was "making no news" on the Anheuser-InBev situation.  And in a late-June interview with CNBC's Becky Quick, Buffett pointedly said he hadn't talked about InBev's offer with "anybody," calling the then-developing takeover fight an "interesting spectator sport."
Berkshire Portfolio

The New York Times did report Friday that "indications" Buffett, and other large shareholders, were "leaning toward backing a deal with InBev" helped push Anheuser into friendly discussions with InBev. 

Today's news release from the two companies does not mention Buffett's name, but does include lots of reassurances that none of Anheuser's U.S. breweries will be shut down and promises that InBev will help make Budweiser a global brand.

Current Berkshire stock prices:

Class A: [US;BRK.A  Loading...      ()   ]

Class B: [US;BRK.B  Loading...      ()   ]

See Warren Buffett Watch on CNBC's The Call, most weekday mornings at 11:50a ET

Questions?  Comments?  Email me at

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 06:14:06 27 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 09:11:30 27 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:38:14 27 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 07:56:29 27 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters