Anheuser-Busch Board Meets; No Response on InBev Proposal Announced
ST. LOUIS. – The Anheuser-Busch Cos. Inc. (NYSE: BUD) board of directors met today to discuss in detail the unsolicited, non-binding proposal submitted from InBev June 11 to acquire all outstanding shares of the company.
No response to the proposal was made by the board today. The board will continue to review and consider the proposal.
Based in St. Louis, Anheuser-Busch is the leading American brewer, holding a 48.5 percent share of U.S. beer sales. The company brews the world’s largest-selling beers, Budweiser and Bud Light. Anheuser-Busch also owns a 50 percent direct and indirect interest in Modelo, Mexico’s leading brewer, and a 27 percent share in China brewer Tsingtao, whose namesake beer brand is the country’s best-selling premium beer. Anheuser-Busch ranked No. 1 among beverage companies in FORTUNE Magazine’s Most Admired U.S. and Global Companies lists in 2008. Anheuser-Busch is one of the largest theme park operators in the United States, is a major manufacturer of aluminum cans and one of the world’s largest recyclers of aluminum cans. For more information, visit www.anheuser-busch.com.
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