06.17.2008 8:37 am

Buffett backs InBev bid, Belgian newspaper says

St. Louis Post-Dispatch

Belgian newspaper De Standard this morning is reporting that Warren Buffett is supporting InBev’s $47.5 billion takeover offer for Anheuser-Busch Cos.

Quoting sources, the paper says Buffett is willing to sell his A-B shares to the Belgian brewer. Buffett’s Berkshire Hathaway owns a 5 percent stake in the St. Louis-based brewer.

A spokeswoman at Berkshire Hathaway would not provide comment to De Standard for its story.

Buffett’s support for the deal could smooth the way for InBev’s effort to buy the St. Louis-based brewer. InBev is offering $65 a share for A-B.

British newspaper The Observer reported Sunday that the billionaire plans to meet with A-B CEO August A. Busch IV this week to discuss the InBev offer.

Citing its anonymous sources, The Observer reported that Buffett believes the Busch family should consider discussions with InBev rather than reject the bid outright.

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Blog Comments: Rules of the Road

Steve,
Keep in mind, it only takes 50.1% for InBev to win. So, he is ten percent of the total vote needed. I think people are upset because so many others will follow his lead.

— flyover

11:00 am June 18th, 2008

I guess all you people calling people traitors must really hate capitalism and the American way of life?

This country has always been for sale, that’s they way we work. We buy foreign companies, they buy our companies. Buffett is a smart businessman and a humanitarian who gives his riches away, a good guy in my book.

— Cup_Hungry

11:38 am June 18th, 2008

Those of you that think InBev will not slash and burn are soo mistaken. Once this deals goes through, which it will, just give it 18-24 months and then the true blood letting begins. Hope all the sales and marketing folks at AB have their resume’s polished up.

— Big Boy

1:01 pm June 18th, 2008

Hey Cup Hungry your user name says it all for that is what you will be when the likes of Buffet are done raping the nation.

— Rev1776

3:25 pm June 18th, 2008

This a free country save, invest and sell high that is the American way! Mr Buffet is not here to save us? Don’t blame him!

— JOHN

3:49 pm June 18th, 2008

Pardon me, but don’t you americans have other problems than a normal corporate takeover? You know, the kind that happens every day. You would think you were winning your wars the way you are focusing on this. We will take your country without firing a shot…and with your cooperation. And while you are infighting. LMAO

— Obla Dee Obla Da

8:28 pm June 18th, 2008

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