Established 1999
 
8,000 companies from
USA,Canada and India.		  
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
InBev and Anheuser Agree to $52 B Offer
Author: 123jump.com Staff
123jump.com
Last Update: 3:27 PM EDT July 14 2008

(Continued)

Email article | Print article

Anheuser-Busch, the century old family controlled beer brewer agreed to a hostile offer of $70 per share or $52 billion from InBev NV. The newly merged company will not only have the largest market share in the U.S. but also will have largest worldwide revenue, surpassing SABMiller sales. The all-cash offer was agreed on Sunday and investment stake controlled by Warren Buffet expects to make $770 million in capital gains.

 
Anheuser-Busch (BUD: chart), a family business tracing its roots more than a century, saw its shares climbing by up to 3% in New York trading today. The share has reached a high of $67.55 in the last year and traded at a low of $45.55.

Anheuser-Busch also manufactures beverage cans, recycles aluminum cans for conversion into new aluminum sheet, manufactures labels, and operates rice milling and barley seed processing plants. In addition, Anheuser-Busch owns and operates theme parks.
  1  2 More: Market Update Archive

 
 
350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries
© 1999-2008 123jump.com. All rights reserved