24/7 Wall St.
06-25-2008, 09:00 PM
24/7 Wall St. Daily News
Word from several media sources is that Anheuser-Busch (BUD) will turn down a $46.4 billion offer from InBev. The offer had pushed BUD shares as high $62.72. In the previous five years, the stock never made it above $55. The walk-away is arrogant. If the BUD board believes the company is worth over $60 a share, they have done nothing to demonstrate it. As recently as March, the shares were below $46. The Wall Street Journal reports that BUD may consider selling off its theme parks and packaging businesses to improve shareholder value. Hard to imagine why they did not...http://feeds.feedburner.com/~f/typepad/RyNm?i=AjGVNI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=AjGVNI) http://feeds.feedburner.com/~f/typepad/RyNm?i=afBnoI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=afBnoI) http://feeds.feedburner.com/~f/typepad/RyNm?i=QNs3bi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=QNs3bi)
complete story here... (http://www.247wallst.com/2008/06/bud-to-blow-off.html)
Word from several media sources is that Anheuser-Busch (BUD) will turn down a $46.4 billion offer from InBev. The offer had pushed BUD shares as high $62.72. In the previous five years, the stock never made it above $55. The walk-away is arrogant. If the BUD board believes the company is worth over $60 a share, they have done nothing to demonstrate it. As recently as March, the shares were below $46. The Wall Street Journal reports that BUD may consider selling off its theme parks and packaging businesses to improve shareholder value. Hard to imagine why they did not...http://feeds.feedburner.com/~f/typepad/RyNm?i=AjGVNI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=AjGVNI) http://feeds.feedburner.com/~f/typepad/RyNm?i=afBnoI</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=afBnoI) http://feeds.feedburner.com/~f/typepad/RyNm?i=QNs3bi</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=QNs3bi)
complete story here... (http://www.247wallst.com/2008/06/bud-to-blow-off.html)