InBev remains committed to acquisition of Anheuser-Busch

By Lisa Kerner

Charlotte, N.C., June 25 - InBev NV reaffirmed its $65-per-share all-cash proposal to acquire Anheuser-Busch Cos. Inc., noting it has committed financing to fund the transaction.

In a June 25 letter to the Anheuser-Busch board of directors, InBev said it has paid approximately $50 million in commitment fees to a lender group, demonstrating its "resolve to consummate a combination with Anheuser-Busch."

InBev said its per-share offer price is a 35% premium over Anheuser-Busch's 30-day average share price prior to recent market speculation.

Anheuser-Busch previously announced that its board met to discuss the unsolicited, non-binding proposal submitted from the Leuven, Belgium, brewing company but failed to come up with a response.

The board will continue to review and consider the proposal, it was reported in a prior company news release.

As part of its proposal, InBev would make St. Louis the headquarters for the North American region and the global home of the flagship Budweiser brand.

Anheuser-Busch is a St. Louis-based brewing company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.