06.11.2008 3:14 pm
Report: InBev could launch bid for Anheuser-Busch within days
St. Louis Post-Dispatch
InBev of Belgium, the world’s biggest brewer, is “moving closer” to launching an unsolicited bid for St. Louis-based Anheuser-Busch Cos. and could fire the opening salvo within days, CNBC reporter David Faber reported this afternoon.
Appearing briefly on the financial network, Faber said people close to InBev told him the company had spent much of the last few weeks working on financing for the rumored deal, which could stretch to $40 billion. Bankers told him financing could be “do-able” even in a tight credit market.
Shares of Anheuser-Busch jumped sharply on the news. The stock was up $1.46 or 2.6 percent at 2:37, standing at $58.61 on the New York Stock Exchange.
Jeremiah McWilliams is a native Virginian who came to the Post-Dispatch in early 2007 to cover beer and other consumer products. He previously covered manufacturing for the Virginian-Pilot newspaper in Norfolk, Va. He is a graduate of Washington and Lee University. 
This will be an absolute nightmare for St. Louis! If this happens we will be ahead of Detroit on every negative list that comes out for the next 10 years. We need to make our voices heard! Visit http://www.DontSellAB.com to view and sign the petition protesting the buy-out of this St. Louis landmark!