Anheuser-Busch’s board of directors plans to meet this week for the first time since rival Belgian brewer InBev formally made its $46bn bid to acquire the company. The board will weigh a variety of options for Anheuser, but in a sign it may not unequivocally reject InBev’s advances, insiders say its advisers will focus the board’s attention on the valuation of InBev’s bid. At $65 per Anheuser share, they may argue the bid is too low for a brand InBev has called “iconic”. The offer represents a 35% premium to Anheuser’s average share price over the month prior to the bid’s announcement. Carlos Brito, InBev’s chief executive, on Wednesday said InBev had offered a “full price”.

This entry was posted by Gwen Robinson on Thursday, June 19th, 2008 at 5:35 and is filed under Capital markets, M&A. Tagged with anheuser-busch, InBev. Edit this entry.