BUSINESS
06/24/2008 05:12 am ET Updated May 25, 2011

Warren Buffett Wades Into Budwesier Battle, Will Meet With August Busch IV

Warren Buffett, the investor known as the sage of Omaha, is this week expected to privately step into the $46bn hostile bid by Belgian brewer Inbev for Anheuser-Busch, the maker of Budweiser beer.

Buffett, who owns 5 per cent of Anheuser through his group Berkshire Hathaway, is planning to speak to August Busch IV, the Anheuser chief executive, within the next few days to discuss the hostile bid, according to sources close to the deal.

Buffett wants to remain neutral in the early days of the controversial offer, but it is understood Busch wants to know his opinion of the bid.

At the current offer price Buffett's stake is worth some $2.3bn.

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