Busch family member urges Anheuser board to negotiate

Sat Jun 21, 2008 4:13pm BST
 
Email | Print | | Single Page
[-] Text [+]

NEW YORK (Reuters) - The Anheuser-Busch Cos BUD.N board of directors has a duty to begin negotiating with its suitor InBev INTB.BR to bring about a deal and benefit shareholders, a Busch family member said on Friday.

Adolphus A. Busch IV, an uncle of Chief Executive August Busch IV, sent a letter to the brewer's board, in which he said InBev's $46.3 billion (23.4 billion pound) takeover offer provided opportunity for Anheuser brands, which include Budweiser, to compete globally.

Busch, who is an Anheuser shareholder, said he realizes now that "it is really not a choice at all" between shareholder value and family legacy, indicating that InBev's $65-per-share bid offered both.

(Reporting by Martinne Geller; editing by Carol Bishopric)

 
Photo
Yuan and dollar slug it out

It's time for markets to take a deep breath: the yuan will not become a reserve currency, let alone dethrone the dollar, this year, next year or any time soon.  Full Article 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives
Currency
US $ inGBP =0.6127
Euro inGBP =0.8583
¥en inGBP =0.0066

Most Popular on Reuters UK

  • Articles
  • Videos