By Ian Neubauer
Belgium brewing giant InBev is rife to knock SABMiller out of its number one spot on the global brewing hierarchy after announcing it has targeted US brewer Anheuser-Busch for takeover.
InBev is offering $47.5 billion for the maker of Beck’s, Budweiser and Michelob beer brands in a move that is steadily pushing Anheuser-Busch’s share price through the roof.
The Busch Family that founded the company in 1860 said it is against the bid and has launched Project Aluminium, a patriotic defence to keep the company in American hands. Backing the family is Mathew Blunt, Governor of Missouri, the US state where Anheuser-Busch is headquartered, who said he is exploring political options to help deflect InBev’s bid.
In its only comment thus far, Anheuser-Busch said it would evaluate the proposal in the context of all relevant factors including long-term strategic plans, The Sydney Morning Herald reported.
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