Two days ago it was a price not determined to be financially adequate or in the best interest of shareholders.
Now - pace the board of directors of Anheuser-Busch - it is a price both financially adequate and in the best interest of shareholders.
The statement in full, available here.
What a difference $5 makes. A relief too, presumably, for those same directors so recently engaged in fighting the good fight against those communist caballeros in Cuba. How nice to be focusing once more on the interests of your electors - those capitalist shareholders.
The volte-face has lawyers’ fingerprints all over it - it’s swift and emotionless. Nothing like the threat of shareholder litigation against indie directors to get things moving.
No news yet from team Save AB - though the Freedom Rally was a huge success.
This Stella’s for USA!
Related links
Anheuser Busch approves $50bn sale to InBev - FT
InBev targets takeover of Anheuser-Busch - FT Alphaville
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