InBev Raises Anheuser-Busch (BUD) Bid To $70/Share

InBev has raised its bid for Anheuser-Busch (BUD) from $65/share to $70/share, says The Wall Street Journal. Considering InBev’s desire to avoid going hostile and today’s report that InBev and BUD have started face-to-face talks, we can’t say we’re surprised. This higher bid has been the rumoured next move for weeks.

Will this seal the deal for a friendly merger? We’d expect so.

See Also:
Full BUD-InBev Coverage and Analysis
Anheuser-Busch (BUD): Suddenly Close To An InBev Deal At Higher Price
(BUD)
Anheuser-Busch (BUD) Throws Kitchen Sink Lawsuit At InBev (BUD)
Obama Beats McCain to the BUD Pander Card: Anheuser-Busch (BUD) Should Stay American (BUD)

 

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