Anheuser-Busch (BUD) Acknowledges Receipt of Unsolicited Proposal From InBev
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Anheuser-Busch Cos. Inc. (NYSE: BUD) has received an unsolicited, non-binding proposal from InBev to acquire all of the outstanding shares of Anheuser-Busch for $65 per share in cash.
Anheuser-Busch said that 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. The board will review the merits of the proposal consistent with its fiduciary duties and in consultation with its financial and legal advisers. The board will pursue the course of action that is in the best interests of Anheuser-Busch's stockholders.
Anheuser-Busch's board expects to make its determination regarding InBev's proposal in due course.[SM]
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