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)
The bottom line
July 11, 2008
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