Inbev, which has a market cap of $22.5 billion, has borrowed $45 billion to finance this deal. Who says leverage is going out of fashion?
By Daniel at 18 November, 2008, 12:28 pm
LONDON (MarketWatch) — InBev said it’s completed the acquisition of St. Louis brewer Anheuser-Busch paying the agreed-upon $52 billion, or $70-a-share, price. The new Anheuser-Busch InBev will start trading on the Euronext Brussels exchange on Friday.
http://www.marketwatch.com/news/story/InBev-completes-52-billion-Anheuser/story.aspx?guid={E3F746C7-2FC6-4E41-9F13-B450B1F169D2}
Here come the price hikes. Even as oil went up and back down the price of Bud never changed. InBev will have to do something major to cover their debt.
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