Anheuser-Busch continues to review InBev's unsolicited $65-per-share offer

By Lisa Kerner

Charlotte, N.C., June 20 - Anheuser-Busch Cos. Inc.'s board of directors met to discuss the unsolicited, non-binding proposal submitted from InBev NV but failed to come up with a response.

The board will continue to review and consider the proposal, a company news release said.

As previously reported, InBev presented the company with an unsolicited, non-binding proposal to acquire Anheuser-Busch for $65 per share in cash.

InBev said in a statement that its per-share offer price is a 35% premium over Anheuser-Busch's 30-day average share price prior to recent market speculation.

As part of its proposal, InBev would make St. Louis the headquarters for the North American region and the global home of the flagship Budweiser brand, a prior news release noted.

Anheuser-Busch is a St. Louis-based brewing company.

InBev is a brewing company located in Leuven, Belgium.

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