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.
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