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Sunday, November 8, 
8:34 am

Anheuser-Busch board to meet

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bud.pngAnheuser-Busch Cos.' board will meet this week to finally discuss the $46 billion takeover bid made by InBev SA.

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The offer is roughly 12 times Anheuser's 2007 earnings before interest. InBev CEO Carlos Brito said that his company had offered a fair price, hinting that InBev would not likely raise its offer.

Berkshire Hathaway Inc.'s Warren Buffett is also expected to speak with Anheuser CEO August Busch IV about the bid. Berkshire Hathaway is the second-largest shareholder and supposedly supports InBev's bid.

Earlier this week, Brito appealed to Washington lawmakers who are resistant to supporting the deal. However, they can do little, if anything, to stop InBev's proposed takeover of Anheuser. - Maria Woehr

See Dealscape: Mr. Brito goes to Washington
See Dealscape: InBev's campaign to win over Missouri
See Dealscape: Sorkin and why Anheuser-Busch needs to surrender now





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