09 July 2008 17:16 [Source: ICIS news]
HOUSTON (ICIS news)--US brewer Anheuser-Busch on Wednesday fought back in court against a hostile takeover by InBev, calling the buyout attempt illegal and saying the offered price undervalues the maker of Budweiser.
A feud has been swelling between the two companies since the Belgian maker of Stella ?xml:namespace>
The deal has potential ramifications for the polyethylene terephthalate (PET) market because InBev tends to use more of the material in its bottles than American companies, and might lead to increased demand in the
Wednesday’s lawsuit, filed in the Anheuser-Busch’s home state of
Earlier this week, InBev threatened to unseat the Anheuser-Busch board of directors.
($1 = €0.64)
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