InBev and Anheuser-Busch Harvard Case Solution & Analysis

In early June 2008, the Belgian InBev NV launched a $ 46.4 billion unsolicited bid to acquire Anheuser-Busch Co, owner of the 132-year-old brand Budweiser. If completed, the combination would create the world's largest brewing company, with sales of about $ 36 billion a year. The initial response from the Anheuser was evasive and said: "The company will continue the course of action that is in the best interest of shareholders Anheuser-Busch". On June 26, in the Anheuser board formally rejected InBev initial offer of $ 65 per share, saying that significantly undervalued the company. In mid-July, InBev raised its offer to $ 70 per share, and Anheuser board voted for the deal, recognizing that the best offer was unlikely. $ 70 price represents a significant premium to shareholders of Anheuser. InBev management now needs to prove to its shareholders that the award was justified. "Hide
by Andrew C. Inkpen Source: Thunderbird School of Global Management 11 pages. Publication Date: November 16, 2010. Prod. #: TB0251-PDF-ENG

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