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InBev close to financing for Anheuser bid: report
2008-06-01
Belgium's InBev NV (INTB.BR) is close to securing a $50 billion financing package to enable it to launch a takeover bid for Anheuser-Busch Cos Inc (BUD.N), maker of Budweiser beer, the Sunday Telegraph reported. The paper said InBev, the world's second-biggest brewer, had held talks with banks JP Morgan (JPM.N), Santander (SAN.MC), BNP Paribas (BNPP.PA) and Merrill Lynch (MER.N) about a financing package. Once it has guarantees from the banks, InBev could write a formal letter to Anheuser-Busch's board, a move expected as early as this week, the paper said, quoting market sources. A source familiar with the situation said last week that InBev was still considering whether to bid for the U.S. brewer and had not yet begun merger talks.
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