Financial Times FT.com

Anheuser drops opposition to InBev takeover

By Julie MacIntosh in New York

Published: July 11 2008 08:08 | Last updated: July 11 2008 20:58

Anheuser-Busch on Friday night dropped its opposition to a take­over by InBev, paving the way for a deal to create the world’s largest brewer within a matter of days.

The Belgian-Brazilian makers of Stella Artois appeared to have clinched the breakthrough in their effort to secure a friendly deal after raising their offer to $70 a share on Friday morning, giving the makers of Budweiser beer an equity value of $50bn.

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