Saturday, July 12, 2008

 

InBev on track to take over Anheuser-Bush.

Last night, after weeks of drama and masochism , Anheuser-Bush finally dropped its arms and agreed to be acquired by Belgian beer maker InBeb . They apparently succumbed to the last minute effort by InBev to raise its offer from $65 to $70 a share and the promise to give the Saint-Louis based beer maker, an equity value of $50 billion .
So after all, this bud may be for them.

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