Anheuser-Busch, the company behind Budweiser, has remained largely silent of the approach, but it could be working to defend any bid by making itself too big to swallow by acquiring Mexican brewer Grupo Modelo, according to the Financial Times.
Anheuser-Busch already holds a non-controlling 50% stake in the brewer and executives have held talks with Grupo Modelo, the paper added.
Although InBev has said it would change the name of the merged company to reflect Anheuser-Busch’s heritage, make Budweiser its flagship beer, and make Anheuser-Busch’s HQ in St Louis, Missouri, its US HQ, the bid has not been welcomed by Americans, says the Daily Telegraph.
Missouri governor Matt Blunt has said he would “explore every option and any opportunity we may have to help keep Anheuser-Busch where it belongs in St Louis, Missouri,” the paper said, while a source added: “The bid will have had many us consumers choking on their Cheerios when they got their morning papers. To say InBev’s move will not be welcomed is a massive understatement.”
Meanwhile, 18,000 people have signed up to group on Facebook aimed at saving Anheuser-Busch from InBev, reports the Independent.