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News Watch
- 10/17/2008 2:15:29 PM
By Chip Brian, SmarTrend Analytics Team
Today, Belgian brewer Inbev stated it will file documents with the U.S. Securities and Exchange Commission, seeking to remove each member of Anheuser-Busch Companies Inc.'s (NYSE:BUD) board of directors, and provide Anheuser-Busch shareholders an opportunity to have a direct voice in the proposed merger with InBev. The Company said it would replace Anheuser-Busch's board with a highly-qualified slate of directors, including Adolphus A. Busch IV, uncle of the current CEO and great grand son of the breweries founder. All of InBev's other proposed directors are unaffiliated with either InBev or Anheuser-Busch. Shares of Anheuser-Busch Companies were up 57 cents to $62.24 in morning trading.
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