InBev: This Bud's for usMore VideosST. LOUIS (AP) -- Belgian brewer InBev on Sunday warned Anheuser-Busch Cos. Inc. against doing a reported deal with Mexico's Grupo Modelo SAB, saying it could endanger the premium price it's willing to pay for the King of Beers.In a letter to Chief Executive Officer August Busch IV, InBev's Chief Executive, Carlos Brito, said that his company's proposed $46 billion offer for the nation's largest brewer was based on Anheuser-Busch's current assets, business and capital structure.
The $65 per-share price being offered is a rich premium from the company's stock price of $58.35 Wednesday before the offer was made public. Anheuser-Busch's (BUD, Fortune 500) shares ended trading Friday at $61.12.
The Wall Street Journal reported last week that Anheuser-Busch has begun negotiations for a potential merger with Grupo Modelo.
Read More
