Belgian newspaper De Standaard has reported that Warren Buffett is prepared to throw the Busch family under the bus and support the InBev offer to buy Anheuser-Busch for $46 billion or $65 a share.
More than any other trait, it is Buffett’s good sense that has made him the world’s richest man.
BUD can’t do anything to get the price of its stock up. It already owns 50% of the US beer market and does well overseas. Its plan to buy the part of Mexican brewer Grupo Modelo that it does not already own will simply pile on debt of dilute BUD shareholders.
Buffett can read the Anheuser-Busch stock chart as well as anyone. The company has never traded above $60 before. It the InBev deal goes away, it will never trade there again.
Douglas A. McIntyre
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