InBev Stands by $46B Offer for Anheuser-Busch

June 25, 2008 9:24:42 PM PDT
Brewer InBev says it's sticking by its bid of $46 billion for Anheuser-Busch. The Belgium-based maker of Stella Artois sent another letter to the largest American brewer Wednesday to assure the company's board that it had secured financing for a $65 per-share offer.

Anheuser has not formally responded to InBev since it first made an offer on June 11.

InBev repeated in the letter that it would not shut any U.S. breweries and would expand sales of Budweiser beer globally.