E-Malt.com News article: USA: More details about InBev – Anheuser-Busch takeover

According to Anheuser-Busch, investment banking, legal and accounting services connected to the $52 billion transaction will cost the company about $120 million in cash in the second half of 2008, STLToday wrote on July 26. The deal is expected to close this year.

Besides, the company anticipates incurring a $72 million non-cash charge in the fourth quarter because of the accelerated vesting of stock compensation awards. There also will be about $40 million in cash payments under an enhanced officer bonus program and cash payments of $71 million for deferred compensation and retirement plans for officers and directors of the company.

As it was reported, two lawsuits stemming from InBev's takeover proposal have been dropped.

One month ago, InBev filed a lawsuit against Anheuser-Busch in Delaware Chancery Court. InBev asked the court to rule that Anheuser-Busch's stockholders were permitted to remove all of the company's directors without cause. On July 23, InBev dropped the lawsuit.

On July 24, Anheuser-Busch dropped its case against InBev, filed July 7 in federal court in St. Louis. Anheuser-Busch had alleged that InBev made false and misleading statements regarding its nonbinding buyout proposal.


31 July, 2008