In a reversal of its earlier stance, U.S. beer giant Anheuser-Busch is in active talks to sell itself to Belgium’s InBev, The New York Times reported. InBev reportedly agreed to raise its $65-a-share bid for the company. Also, leading shareholders like Warren Buffett were leaning toward backing InBev in the brewing hostile takeover battle. (The New York Times)
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July 11, 2008
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