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InBev's Latest Move
July 2008 | In The NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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On July 7 Belgium-based InBev made a filing with the Securities and Exchange Commission to facilitate the removal each member of the board of directors of Anheuser-Busch. This is InBev's latest move to get its US$65 per share, or roughly US$46bn bid, for the St. Louis brewer approved. Anheuser-Busch rejected InBev's offer on July 4 stating that the offer was 'financially inadequate'. To convince shareholders of the offer's inadequacy, set out a plan to cut US$1bn in costs and improve earnings. InBev responded to the plan by saying that it 'does little to address the fundamental competitive challenges the