InBev, already the world’s largest brewer, is planning to mount what is described as an “audacious” $46bn (£23bn) takeover bid for American rival Anheuser-Busch. The $65-a-share offer would create a near-$100bn company that would overshadow number two SABMiller, which is worth closer to £37bn. InBev expects rival chief executive August Busch IV, great-great-grandson of the founder, to try to block the takeover and is considering appealing directly to the board or shareholders. Analysts have seen Annheuser as a sitting duck for some time, given the lack of growth generated by its US beer business. One rival executive said the company looked lame and claimed it was “bereft of a growth strategy” and was “flailing around, apparently not knowing what to do”. According to Financial Times, InBev is also evaluating a “Plan B”, a potential tie-up with SABMiller. Informal discussions are already said to have taken place. But progress has been limited by a US justice department review of the latter’s deal to merge its American operations with those of Molson Coors. The Daily Telegraph 24/05/08 pages 33 & 35 (BusinessNews) Financial Times 24/05/08 pages 15 & 20 (Companies & Markets) The Independent 24/05/08 page 58 (Business) The Times 24/05/08 page 59 (Business) The Guardian 24/05/08 (Financial) page 41 The Daily Mail 24/05/08 page 106 (City&Finance)