Do More With Reuters
Partner Services

Anheuser-Busch hires financial advisers-sources

Tue Jun 3, 2008 1:40am IST
 
Email | Print | | Single Page
[-] Text [+]

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)

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article