Budweiser isn't on the market, but that didn't stop InBev, a Belgium-based brewer, from placing an unsolicited $46.3 billion bid on the U.S. brewery giant.
Anheuser-Busch operates 12 factories across the country including a plant in Lysander that employs approximately 885 employees.
On June 11, after weeks of speculation, Carlos Brito of InBev sent August Busch IV, president and chief executive officer of Anheuser-Busch Companies, a proposal for combining to create the world's leading beer company.
"We believe that the combination of Anheuser-Busch and InBev would be an industry-transforming event, creating an unparalleled opportunity for our two companies' consumers, wholesalers, employees, business partners, investors and the communities they serve," the letter read. Brito said InBev is prepared to pay $65 per share cash for all outstanding shares of Anheuser-Busch. The letter also states that should Anheuser-Busch accept the offer, InBev would continue a strong commitment to the communities in which you operate."
Officials said the Anheuser-Busch board of directors would evaluate the cash takeover proposal carefully and in the context of the brewer's long-term strategic plan. As of Tuesday June 17, no response had been given to the proposal.
Stay tuned next week for updates.