US: A-B silent on InBev success "not on my watch" comments
Anheuser-Busch has declined to comment on reports suggesting current CEO August Busch IV has insisted that a takeover of the brewer would not occur "on my watch".
The US-based company, which is rumoured to be an acquisition target of InBev's, was responding to reports over the weekend claiming that Busch would not allow any such transaction to take place. When contacted by just-drinks today (2 June), Randolph Baker, the company's vice president and CFO, said: "It is our policy to not confirm, deny or speculate on rumours of potential investments, acquisitions, mergers, new business partnerships or other transactions."
Reports late last month claimed that InBev, the world's largest brewer by volume, is preparing a US$50bn takeover proposal for A-B, the world's third largest brewer by volume. Although neither company has confirmed any of these reports, just-drinks understands that someone within the banking community - on InBev's side of the situation - has leaked the story.
Consensus within the analyst community is that the rumours are real, and that a bid will be made in the coming weeks.
Other reports, meanwhile, have claimed that InBev could turn its attention to SABMiller, the world's number two brewer, if it fails in its pursuit of A-B. A spokesperson for SABMiller declined to comment on the matter when contacted by just-drinks late last week.
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