Anheuser-Busch responded today to InBev’s planned effort to oust the A-B board, calling it a “self-serving effort by InBev” to buy A-B for a bargain price.
A-B said it will file a consent-revocation statement in a few days with “additional specific information” in opposition to InBev’s plan.
Meanwhile, A-B raises a novel foreign-policy question:
Shareholders also should be aware that InBev, thorugh a subsidiary, has a significant partnership with the government of Cuba to produce and distribute products in Cuba. InBev has not commented on how that would impact business with Anheuser-Busch’s customers, nor on its ability to complete an acquisition under U.S. laws that affect acquisitions of U.S. companies by foreign companies.
Sounds like the company may look for help from its friends in high places as this battle continues.
