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Despite Anheuser-Busch rejecting InBev’s $46.3 billion acquisition bid last week, the Brussels-based brewer is not giving up. InBev is now seeking to replace A-B’s board of directors with its own slate of officers, which includes Adolphus Busch IV, the uncle of current A-B president and CEO August Busch IV.
InBev said today it would file a solicitation statement with the Securities and Exchange Commission to remove the St. Louis brewer’s existing board and give A-B shareholders an opportunity to vote on a proposal to merge the companies by buying outstanding common stock shares for $65 in cash.
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