StlToday.com wrote:Report: InBev readies $46 billion bid for A-B
By Jeremiah McWilliams
ST. LOUIS POST-DISPATCH
Belgium-based brewer InBev, the world's biggest beermaker, is preparing a takeover bid for Anheuser-Busch Cos., according to a detailed posting on a blog run by the Financial Times. The information sent shares in Anheuser-Busch rocketing up more than 7 percent in early trading.
The FT Alphaville blog is reporting that InBev is working on a $46bn takeover for St. Louis-based Anheuser-Busch, the maker of Budweiser. The blog did not disclose its sources, and noted that representatives from InBev and Anheuser-Busch did not comment.
From the blog: "The deal is being billed as a 'transformational' move by those executives and bankers involved, and is likely to herald the long-awaited end-game in global drinks industry consolidation. InBev's aim is to create the fifth largest consumer products group in the world."
The blog said a direct approach to Anheuser-Busch chief executive August A. Busch IV is being planned. Expecting a cool reception, the InBev team is preparing to send a follow-up letter to A-B's entire board. The expected pitch is $65 a share. If Anheuser refuse to commence friendly talks, InBev is considering a public appeal direct to the target's shareholders.
The blog said "sources indicated that while extensive work had been carried out on the transaction, InBev was 'not about to push the button.'"