Anheuser-Busch Files Suit to Block InBev Takeover

Anheuser-Busch says InBev using 'illegal and deceptive' conduct.

Claiming the Belgian-based rival used "illegal" and "deceptive" conduct, Anheuser-Busch filed suit to block a hostile takeover by InBev, court documents showed July 8.

The move came after InBev raised the ante on its hostile bid by launching an effort with shareholders to dismiss the current board of Anheuser-Busch.

The suit dated July 8 and filed in US District Court in St. Louis, Missouri, alleges "an illegal plan and scheme by InBev, through a course of deceptive conduct, to acquire control of Anheuser-Busch at a bargain price that does not adequately compensate shareholders for their investment in the company."

The brewer asked the court to block the Belgian-Brazilian giant for taking any further actions in its $46 billion hostile bid "until such time as it has cured each and all of its false and misleading statements."

Copyright Agence France-Presse, 2008

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