Report: Belgian Brewer Eyes BUD

A published report says a Belgian brewer is going to make a $46 billion takeover bid for Anheuser-Busch.
By TSC Staff ,

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.

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