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Anheuser Busch

November 6, 2008

Despite reporting a 14% year-on-year drop in third quarter profits and the postponement of its capital increase, drinks giant InBev has announced that its $52 billion deal acquisition of AnheuserBusch will go ahead.

Despite reporting a 14% year-on-year drop in third quarter profits and the postponement of its capital increase, drinks giant InBev has announced that its $52 billion deal acquisition of AnheuserBusch will go ahead.

The Belgian brewer saw its profits fall to €447 million from €519 million over the same period last year but remains optimistic for the future.

July 10, 2008

In response to a move by acquisitive InBev to remove Anheuser’s board of directors, Anheuser-Busch has struck back, urging its shareholders to block the move.

In response to a move by acquisitive InBev to remove Anheuser’s board of directors, Anheuser-Busch has struck back, urging its shareholders to block the move.

The maker of Budweiser and Michelob beers has filed a consent revocation statement against InBev, saying its board “unanimously opposes” InBev’s consent solicitation.

June 27, 2008

The battle for control of family-run US brewer Anheuser-Busch has taken a dramatic turn as Belgian rival InBev is set to launch a hostile takeover following Anheuser-Busch’s rejection.

The battle for control of family-run US brewer Anheuser-Busch has taken a dramatic turn as Belgian rival InBev is set to launch a hostile takeover following Anheuser-Busch's rejection.

The US brewer finally gave its verdict on the proposed takeover by InBev yesterday and rejected the approach outright. The offer of $65 per share was described as being financially inadequate and not in the best interests of shareholders.

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