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News Watch
- 10/17/2008 2:15:35 PM
By Chip Brian, SmarTrend Analytics Team
Today in what is possibly one of its final reports as an independent company, Anheuser-Busch (NYSE:BUD) posted its fiscal results for its 2Q. Net income for the quarter was $689 million, or $0.95 per share, up from last year's profit of $677 million, or $0.88 per share. Revenue of excise taxes rose 4.6% to $4.72 billion. Anheuser-Busch accepted a bid from InBev to be acquired for $52 billion, and the company also added that it had increased gains from its entertainment segment, which InBev will likely sell, due to "increased attendance and higher ticket pricing."
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