Anheuser-Busch (BUD) Higher on LBO Rumor
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Shares of Anheuser-Busch (NYSE: BUD) are higher today on rumors hedge fund guru Eddie Lambert could launch a $56 per share bid for the company. Times Online first reported on the rumors Link
Rumors of Lampert's next move have been rampant, with recent rumors suggesting he would be targeting stakes in Home Depot (NYSE: HD) or Gap (NYSE: GPS).
Today's rumor doesn't appear to have too much traction on Wall Street, but it could highlight some investors' views that BUD is an undervalued situation.
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