Anheuser-Busch to say no to InBev's $46.4B bid

06/26/2008 | NYTimes.com

Anheuser-Busch reportedly will turn down InBev's unsolicited $46.4 billion acquisition bid -- a move that could prompt a hostile takeover attempt. The family-run A-B, to bolster its case for rejecting InBev's offer, is set to announce plans to glean more than $500 million in savings, likely via layoffs, marketing budget cuts and the possible sale of its packaging unit and Busch Garden theme park operations, this article says. Neither A-B nor InBev commented for this article.

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