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InBev reconfirms intent with third Anheuser-Busch letter

Published:  23 July, 2008

InBev has made its intention to acquire Anheuser-Busch crystal clear with a third letter of intent this week (June 25).

The Stella Artois manufacturer has been pursuing a hostile takeover bid for the Louisville-based Budweiser brewer with a $65-a-share cash proposal worth $46 billion.

Carlos Brito, InBev CEO, wrote in the third letter that InBev "remains committed" to the proposal and the market reaction to the deal "has been extremely positive".

To demonstrate InBev's dedication to the deal, Brito revealed in the letter the company had executed commitment letters for the financing and have paid around $50m to a lending group comprised of several major world banks.

It is clear that the combination of Anheuser-Busch and InBev would be an industry-transforming event, creating an unparalleled opportunity for our stakeholders," Brito concluded.