06-20-2008, 11:26 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Anheuser-Busch to buy out India JV partner</b>
Friday June 20, 1:09 pm ETÂ
Anheuser-Busch to buy remaining 50 percent of Crown Beers India
ST. LOUIS (AP) -- <b>Anheuser-Busch plans to buy the 50 percent of its India-based joint venture that it doesn't already own, the brewer said Friday</b>.
The maker of Budweiser beer said it plans<b> to buy Crown International's half of Crown Beers India Ltd. company</b>. The deal includes a brewery in Hyderabad. The two companies founded the venture last year.
The financial terms of the deal were not disclosed.
Anheuser-Busch is currently considering a $46 billion takeover offer from Belgian brewer InBev that would create the world's largest brewing company. The St. Louis brewer did not solicit the bid.
Anheuser-Busch shares fell 7 cents to $60.96 in afternoon trading.
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Friday June 20, 1:09 pm ETÂ
Anheuser-Busch to buy remaining 50 percent of Crown Beers India
ST. LOUIS (AP) -- <b>Anheuser-Busch plans to buy the 50 percent of its India-based joint venture that it doesn't already own, the brewer said Friday</b>.
The maker of Budweiser beer said it plans<b> to buy Crown International's half of Crown Beers India Ltd. company</b>. The deal includes a brewery in Hyderabad. The two companies founded the venture last year.
The financial terms of the deal were not disclosed.
Anheuser-Busch is currently considering a $46 billion takeover offer from Belgian brewer InBev that would create the world's largest brewing company. The St. Louis brewer did not solicit the bid.
Anheuser-Busch shares fell 7 cents to $60.96 in afternoon trading.
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