Warren Buffett's Bud Beer Money: $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:
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."
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:
See Warren Buffett Watch on CNBC's The Call, most weekday mornings at 11:50a ET
Questions? Comments? Email me at email@example.com