Anheuser-Busch blasts 'self-serving' hostile move by InBev

NEW YORK (AFP) — US beer giant Anheuser-Busch said Monday a move by Belgian-Brazilian rival InBev to oust the board of the American group was a "self-serving" effort that failed to alter an inadequate takeover bid.

Anheuser-Busch meanwhile said its board told InBev "it would be open to consider any proposal that would provide full and certain value to Anheuser-Busch shareholders" but that InBev "has made no attempt to provide such an offer."

The latest legal move, according to the largest US brewer, "is a self-serving effort by InBev to try to purchase Anheuser-Busch for a price Anheuser-Busch's independent board already has determined to be financially inadequate and not in the best interest of shareholders."

The statement came hours after InBev raised the pressure on the US company to accept its 46-billion-dollar (29 billion euro) bid, by saying it would seek ...