Dashboard for the Leading Network of Stock Market and Personal Finance Blogs

Visit Seeking Alpha

Wall Street Breakfast: Must-Know News

Posted on June 12, 2008

InBev makes bid for Bud. Belgium's InBev made a $65/share, $46.3B unsolicited offer for Anheuser-Busch (BUD) -- a 14% premium to Tuesday's close. BUD says it will evaluate the proposal. A deal would be the biggest all-cash acquisition ever. In April, CEO August A. Busch IV said a takeover won't happen on my watch, although the family only owns 4% of the company. Banks -- including JPMorgan (JPM), Banco Santander (STD), Barclays (BCS), Deutsche Bank (DB), Fortis (FORSY), ING Group (ING) and Royal Bank of Scotland (RBS) -- have pledged to lend InBev at least $40B. Crude crunch. Crude invent...

Original article link


analyst , beige book , crude , earnings , economy , fed , housing , inflation , internet , lows , markets , metals , mobile , momentum , oil