InBev is a persistent suitor

Posted on 08:43, July 1st, 2008 by Al

Maybe they need someone to take the role of Cyrano de Bergerac.

InBev Remains Committed to $46.3 Billion Anheuser Bid

InBev NV, whose bid for Anheuser-Busch Cos. was rejected by the Budweiser maker, repeated that it’s committed to its offer of $65 a share and would prefer a friendly takeover.

The bid reflects the “full and fair” value of the company, InBev Chief Executive Officer Carlos Brito said in an e-mailed statement today. The Leuven, Belgium-based brewer will pursue “all available avenues” to allow Anheuser shareholders to vote directly on the offer.

Meanwhile, A-B has already announced a reduction in its workforce, reduction in pensions, and an increase in the employee contributions for healthcare, all in an effort to cut costs and remain independent.

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