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Anheuser-Busch rejects InBev’s bid

Published 06/27/2008, The Jamestown Sun

Anheuser-Busch Cos. rejected an unsolicited $46 billion purchase offer from InBev Thursday, just hours after the Belgian brewer appeared to set the stage for a hostile takeover bid. Anheuser-Busch Chief Executive August Busch IV sent a letter to InBev Chief Executive Carlos Brito saying the offer greatly undervalued the largest U.S. brewer, calling the $65-a-share price “financially inadequate” and not in the best interests of its shareholders.

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