A-B Board to Weigh InBev Bid
Looking at valuation, says the Financial Times.
The Anheuser-Busch board is meeting in person this week for the first time since InBev made its unsolicited, $65-per-share bid for the company last week, reports the Financial Times.
From the story:
The directors will weigh a variety of options for Anheuser, the 150-year-old brewer of Budweiser beer. But in a sign that Anheuser may not unequivocally reject InBev's advances, insiders say its advisers will focus the board's attention on the valuation of InBev's bid. At $65 per Anheuser share, they may argue that the bid is too low for a brand that InBev has called "iconic".
Looking at valuation, says the Financial Times.
The Anheuser-Busch board is meeting in person this week for the first time since InBev made its unsolicited, $65-per-share bid for the company last week, reports the Financial Times.
From the story:
The directors will weigh a variety of options for Anheuser, the 150-year-old brewer of Budweiser beer. But in a sign that Anheuser may not unequivocally reject InBev's advances, insiders say its advisers will focus the board's attention on the valuation of InBev's bid. At $65 per Anheuser share, they may argue that the bid is too low for a brand that InBev has called "iconic".
On the other hand, from the way A-Bs market share has been slowly eroding, maybe the word they're looking for is laconic!!
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