June 13, 2008
ST. LOUIS (AP) -- It hasn't taken long for U.S. politicians to protest a bid by a Belgian brewer to buy Anheuser-Busch.
In Bev is offering 46 billion dollars for the St. Louis-based company that brews Budweiser, Busch, Bud Light and Michelob. The Belgians say the combined firm would be the world's largest brewer.
Both of Missouri's senators want to stop the buyout. Republican Christopher "Kit" Bond is sending a letter to Attorney General Michael Mukasey (myoo-KAY'-zee) asking him to conduct an antitrust investigation of the plan. Democrat Claire McCaskill says she's "nervous" about the deal. She adds that she will write to the Anheuser-Busch board of directors asking them not to allow the deal to go forward.
San Francisco-based mergers and acquisitions attorney Douglas Cogen says the lawmakers have little leverage to stop the takeover since "there isn't a lot of regulator clearance that this deal needs."
(Copyright 2008 Associated Press. All rights reserved.)