Anheuser-Busch confirmed Wednesday that InBev has made a a $46.3-billion bid to take over the American brewery.
InBev, whose brands include Stella Artois and Beck’s, is offering $65 per share for Anheuser, the leading U.S. brewer with 48.5% of the market.
A-B 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,” and make a determination regarding the proposal “in due course.”
Wachovia analyst Jonathan Feeney said InBev, known for aggressive cost-cutting, could find about $1.2 billion a year in savings.
“InBev would focus its efforts on streamlining the U.S. beer giant, a possibility which might not sit well with Anheuser distributors.”
Not surprising, the St. Louis Post-Dispatch has a complete rundown.