Processing Magazine

Anheuser board to meet to discuss InBev bid: report

June 20, 2008
According to Reuters, Anheuser-Busch’s board plans to meet in person for the first time since rival brewer InBev formally bid $46 billion for the company, the Financial Times reported, citing people close to the situation.

In a sign that Anheuser may not unequivocally reject InBev''s advances, advisers will focus the board''s attention on the valuation of the $65-per-share bid, the paper reported.

If Anheuser signals a willingness to negotiate over price, InBev will need to consider whether to stick with its first offer or boost it in an attempt to seal a deal, the FT said.

Anheuser board members and a spokeswoman could not be immediately reached for comment.

Earlier, InBev Chief Executive Carlos Brito refused to say what he would do if Anheuser rejected the takeover offer.

Brito met recently with Missouri Republican senator Christopher Bond, who opposes the plan.

Bond and other members of Missouri''s congressional delegation ramped up their efforts this week to thwart the bid.