Speculation Says InBev Ups Buyout Offer
Shares of Anheuser-Busch, which makes Budweiser and Bud Light, rose on Friday morning, following reports that its board will agree to a higher buyout offer from Belgian-based brewer InBev. Shares gained $4.60, or 7.5 percent, to $65.80.
InBev reportedly raised its takeover offer for St. Louis-based Anheuser-Busch by $5 to $70 dollars per share, according to The Wall Street Journal, which also speculates that the company is likely to accept InBev's revised offer over the weekend.
The companies did not immediately respond to comment on the matter.
Wachovia Capital Markets analyst and CGT Financial Advisory Board member Jonathan P. Feeney says this news is a "huge step" toward a deal, but lingering risks still include regulatory approval, financing and reaching a final agreement on pricing.
InBev reportedly raised its takeover offer for St. Louis-based Anheuser-Busch by $5 to $70 dollars per share, according to The Wall Street Journal, which also speculates that the company is likely to accept InBev's revised offer over the weekend.
The companies did not immediately respond to comment on the matter.
Wachovia Capital Markets analyst and CGT Financial Advisory Board member Jonathan P. Feeney says this news is a "huge step" toward a deal, but lingering risks still include regulatory approval, financing and reaching a final agreement on pricing.