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Brewer Turns Up the Heat on A-B

WSIU Public Broadcasting
Published July 8, 2008 at 8:54 AM CDT

By AP

St. Louis, MO – A European company is escalating its fight to acquire St. Louis-based beer maker Anheuser-Busch.
Belgian brewer InBev has now filed paperwork with U.S. regulators in a step toward removing the board of directors of Anheuser-Busch. The board previously rejected InBev's offer of $65a share, calling it too low.
Anheuser-Busch says it remains open to considering any proposal, offering what it calls ``full and certain value'' to shareholders but the company wants shareholders to resist its hostile suitor's efforts to install a new board of directors.
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