BRUSSELS Reports today stated that InBev, maker of Stella Artois and Beck’s beers, among others, has raised its offer to buy out St. Louis-based Anheuser-Busch stocks from $65 per share to $70.
After Anheuser-Busch, maker of Budweiser and Bud Light, denied the original bid of around $46 billion, InBev countered with a new offer of about $50 billion dollars.
Despite A-B’s initial resistance and claims that InBev may not have the best interests for A-B’s shareholders in mind, sources today said that A-B’s board is predicted to accept the new offer sometime this weekend. Although, some plans regarding A-B’s commitments to both its employees and wholesalers would still have to be ironed out, should a “friendly takeover” occur.
Meanwhile, A-B stocks gained a 7.69 percent increase to $65.92 dollars, which topped the original stockholder buyout offer from InBev of $65 per share.