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Anheuser-Busch hires financial advisers-sources

Tue Jun 3, 2008 1:40am IST
 
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PHILADELPHIA, June 2 (Reuters) - Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research) hired Goldman Sachs (GS.N: Quote, Profile, Research) and Citigroup (C.N: Quote, Profile, Research) as financial advisers as it braces for a potential takeover bid from Belgian brewing company InBev NV INTB.BR, sources familiar with the situation said on Monday.

Anheuser-Busch, Citigroup and Goldman Sachs all declined to comment.

InBev, the world's second-biggest brewer, has not yet decided whether to proceed with a bid for Anheuser-Busch, sources said. InBev could not be immediately reached for comment.

According to media reports, InBev has been trying to arrange a $50 billion funding package from a group of banks, including JP Morgan (JPM.N: Quote, Profile, Research) and Santander (SAN.MC: Quote, Profile, Research). (Reporting by Jessica Hall in Philadelphia and Martinne Geller in New York; editing by Jeffrey Benkoe) (For more M&A news and our DealZone blog, go to here)

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