Anheuser-Busch InBev

Posted by Bull Bear Trader | 7/13/2008 08:37:00 PM | , | 0 comments »

As expected after the news leaked out Friday morning, the WSJ is reporting Sunday evening that Anheuser-Busch has agreed to be acquired by InBev for $70 per share, or nearly $52 billion. Hopefully you had less connection than myself and made an options purchase. Even with the tenuous credit and equity markets, I am sure there are some investment bankers happy to make the deal happen. Given the lack of stock activity in BUD over the last six years, I suspect shareholders will also have no problem approving the deal. (I guess now I am glad that BUD sold the Cardinals a few years back. At least St. Louis still has baseball).