Thursday, June 12, 2008
InBev of Belgium, brewer of Beck's and Bass beers, made an unsolicited $46.4 billion takeover offer for Anheuser-Busch, brewer of Budweiser and Bud Light. Anheuser-Busch, which has been controlled by the two families for almost 150 years, is expected to fight the takeover, but the company does not have a staggered board, and the family, which owns less than 4% of the stock, does not have supervoting shares. Warren Buffett is the second largest shareholder. The combined company would be the world's largest brewer. NYTimes, Brewer Bids $46 Billion for Anheuser-Busch; WSJ, InBev Uncorks Anheuser Takeover Bid.