Articles tagged with: bud
Anheuser-Busch Cos Inc accepted a sweetened $52 billion takeover bid from Belgium-based InBev NV NV, creating the world’s largest beer maker and placing an iconic U.S. company into foreign hands.
Ending a month-long standoff, InBev, which makes Stella Artois and Beck’s, agreed to pay $70 per share in cash for the maker of Budweiser, up from its original unsolicited bid of $65 per share, both companies said on Monday. The
improved offer marked a 27 percent premium to Anheuser’s record-high stock price in October 2002.
The deal, which InBev and analysts expect to …