Report: Belgian Brewer Eyes BUD
Updated from 12:28 p.m. EDT
A Belgian brewing giant is reportedly planning a $46 billion offer for
Anheuser-Busch
(BUD) - Get Report
, brewer of the iconic American beer Budweiser. Shares of Anheuser-Busch jumped 8% on the news.
FT.com
reported that InBev was expected to offer $65 a share, but was "not about to push the button."
The report also said financing of $50 billion had been planned through JPMorgan and Santander and that the InBev board discussed the offer at two meetings.
BUD was trading at $56.23, up $3.65, or 6.9%, in recent
NYSE
action. The news didn't impact shares of Anheuser-Busch's competitors much.
Molson Coors
(TAP) - Get Report
was down fractionally. The American depositary shares of London-based
Diageo
(DEO) - Get Report
, brewer of Guinness Stout, were up 6 cents to $78.46.
InBev did not comment on the report. Anheuser-Busch was not available for comment.
This article was written by a staff member of TheStreet.com.