InBev to go hostile as Anheuser rejects bid

Posted Friday, June 27, 2008 10:56 AM | Contributed by figment

InBev, the world’s largest brewer, said on Thursday it would launch a hostile bid for Anheuser-Busch as its US rival rejected its $46bn bid as “financially inadequate”. In court documents filed in the Court of Chancery in Delaware, InBev said it was preparing to launch a proxy battle seeking the removal of Anheuser’s entire board, citing “delays and apparent plans to attempt to block the acquisition”. A-B owns a number of theme parks in the US.

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