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Busch Board to Meet InBev Officials to Discuss Buyout
June 19, 2008

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News Summary

The board of Anheuser-Busch will not flatly reject a buyout bid from Belgian brewing conglomerate InBev and has decided to meet with InBev officials to discuss the proposal, Reuters reported June 18.

InBev has offered to purchase the leading American beer company for $46 billion, or $65 per share. The Financial Times reported that by scheduling the meeting the Anheuser-Busch board may be signaling that it is willing to negotiate over the asking price for the company.

InBev CEO Carlos Brito would not say whether his company would be open to sweetening the deal for Anheuser-Busch. "It's a full price, it's a great price," Brito said of the offer currently on the table.

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