Thursday, 12 June 2008

Game On!

I mentioned a few weeks ago that it looked like InBev of Stella fame would make a bid for Anheuser-Busch the American number one, thus creating the world's biggest brewer by far. Well it's happened. The Budweiser brewer admitted it had received a bid of $65 a share yesterday from Inbev. The $46 billion offer represents a 35% premium on the 30-day average share price and an 18% premium on its all-time high share price, recorded in October 2002.*

This, in other words, is a mighty, powerful and possibly knock out bid.
Watch this space.

* Full story in the Morning Advertiser here

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