Harry Schuhmacher writes in this morning’s Beer Business Daily that InBev will have to pay Anheuser-Busch stockholders the promised $70 a share even if its financing falls apart per an analysis of an A-B proxy statement.
There is no contingency “out” for the Belgian brewer. A-B would have a multi-billion dollar claim which would be roughly equal to current InBev value.
In this strangest of financial environment, in other words, should the InBev banks bail out, the result would likely be A-B buying InBev rather than the reverse.
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