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06.17.2008 8:37 am
Buffett backs InBev bid, Belgian newspaper says
Doug Wong
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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