Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

06:37 GMT, Wednesday, 9 July 2008 07:37 UK

Anheuser strikes back at suitor

Budweiser sign at Anheuser-Busch brewery in St Louis

US brewer Anheuser-Busch is suing Belgian rival InBev in a move which is being seen as an attempt to frustrate InBev's efforts to buy the firm.

The lawsuit seeks to halt InBev's efforts to replace Anheuser's board.

InBev, best known for Stella Artois, is trying to pay $46bn (£23bn) for the Budweiser brewer.

Anheuser says InBev does not have solid financing and its Cuban operations could complicate efforts to operate in the US.

According to the lawsuit, InBev operates the Bucanero SA brewery in Cuba, which could not be managed from the US under the Trading with the Enemy Act.

Anheuser questioned InBev's claim that it would make Anheuser's hometown of St. Louis its North American headquarters given its Cuban presence.

If the takeover went ahead, the combined firm would become the world's largest brewer.

Anheuser-Busch said the offer, made in June, had undervalued the company, but added that it was open to consider any proposals that would provide full value to its shareholders.




E-mail this to a friend
Related to this story:
InBev aims to sack Anheuser board (07 Jul 08 |  Business )
Budweiser brewer rejects takeover (27 Jun 08 |  Business )
Bid talk boosts Budweiser maker (23 May 08 |  Business )
SABMiller fizzes on price rises (16 Apr 08 |  Business )

RELATED INTERNET LINKS
Anheuser Busch
InBev
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©