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.
