InBev rejected, as earlier reported


On Thursday, the board of Anheuser Busch rejected InBev's unsolicited $46.3 billion offer as "financially inadequate," several days earlier than the...


On Thursday, the board of Anheuser Busch rejected InBev's unsolicited $46.3 billion offer as "financially inadequate," several days earlier than the Wall Street Journal initially reported. This early rejection seems to have been spurred by InBev’s filing suit, yesterday, in Delaware Chancery Court, where the Budweiser manufacturer is incorporated. With the declaratory judgment, InBev seeks to enable shareholders, like James Mayfield, to dismantle its board without cause, not that that would make matters much better.


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