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Anheuser-Busch moves against deal

A bottle of Budweiser beer at a bar in New York City.

TEXT OF STORY

Renita Jablonski: Anheuser-Busch is reportedly getting ready to throw back the $46 billion takeover bid from its Belgian rival InBev. The St. Louis-based company is expected to propose it's own restructuring plan as early as next week.
Stephen Beard reports.


Stephen Beard: Anheuser-Busch is said to be planning the sale of its theme parks as a way of warding off the bid from InBev. That could raise $3 billion. The sale of its packaging business could raise a further $1.5 billion. Some of that money might then be paid out to its shareholders as a special dividend.

But drinks industry analyst Chris Brooke-Carter says the Anheuser board will have to do much better than that:

Chris Brooke-Carter: What they are really going to have to do -- and I think they will find it difficult -- is demonstrate that they can offer a better long-term solution to shareholder value than InBev are currently offering.

InBev says its offer values Anheuser-Busch at a 35 percent premium to what it was worth before rumors of the bid first surfaced. Many analysts expect that InBev will raise its bid from $65 to $70 a share. And that may clinch the deal.

In London, this is Stephen Beard for Marketplace.

About the author

Stephen Beard is the European bureau chief and provides daily coverage of Europe’s business and economic developments for the entire Marketplace portfolio.

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