Anheuser-Busch stock up on InBev acquisition rumor

Posted on 15:38, May 23rd, 2008 by Al

Shortly before noon today, Anheuser-Busch’s stock price was up over 8 per cent based on rumors that InBev is putting together a $46 billion bid to buy it. That is one expensive beer run.

Anheuser Busch Stock Surges on Report of Possible InBev Bid (AP)

Both companies were, as is typical, mum on the rumor. Look for something definitive very soon.

They’d be crazy to announce it this weekend though. The idea of an American institution being bought up by a European rival, on Memorial Day weekend no less, would anger a lot of patriotic types.

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Comments

brewpoll.com on 23 May, 2008 at 3:43 pm
Gravatar for Anonymous

Anheuser-Busch stock up on InBev acquisition rumor…

Rumors that InBev is putting together a $46 billion offer for A-B causes the latter’s stock to rise quite a bit….

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