Seeking a hostile takeover of Anheuser-Busch, Belgian brewery conglomerate InBev NV is calling on company shareholders to vote in a new board of directors that would be more receptive to its buyout offer, Bloomberg News reported July 8.

Anheuser-Busch company officials said InBev's move was self-serving and advised shareholders to reject it. The Belgian company is seeking to use a provision in Busch's bylaws that allows shareholders to vote in a new board without calling a meeting.

InBev last month offered to pay shareholders $65 per share to buy out the company, but Busch's board rejected the offer. InBev is trying to replace the current board, led by CEO August A. Busch IV, with another that includes Adolphus A. Busch IV, who has advised shareholders to accept InBev's offer.

The current Busch board has indicated that it would be receptive to a more generous buyout offer from InBev, even though the idea of a buyout of the biggest brewer in the U.S. by a foreign company has caused some consternation among politicians in Busch's home state of Missouri.

Presumptive Democratic presidential candidate Barack Obama also spoke out against a Busch buyout. "I do think that it'd be shame if Bud is foreign-owned," Obama said during a St. Louis campaign stop. "We should be able to find an American company that is interested in purchasing Anheuser-Busch if in fact Anheuser-Busch feels that it's necessary to sell."