Trouble brewing in Busch family over InBev's bid
China Daily | Updated: 2008-06-24 07:55
Members of the family that has run Anheuser-Busch Cos for five generations gave differing responses to InBev NV's $46.3 billion takeover bid as the US maker of Budweiser beer considered the unsolicited offer.
Andrew D. Busch, an uncle of Chief Executive Officer August A. Busch IV, said in a June 21 statement that he wants the US brewer to remain based in St. Louis and continue as a "strong company".
Another uncle, Adolphus Busch IV, urged Anheuser- Busch's board to accept the $65-a-share proposal.
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