"Profit from your knowledge!"
The Bull Bear Trader discusses market events and news with an interest in understanding risk and return in both bull and bear markets. Discussion topics include trading and hedging strategies, derivatives, risk management, hedge funds, quantitative finance, the energy and commodity markets, and private equity, as well as an occasional investment opinion.
Sunday, July 13, 2008
Anheuser-Busch InBev
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).
No comments:
Post a Comment