Billionaire Warren Buffett's Berkshire Hathaway Inc. may bank a $600 million profit if InBev NV succeeds in its $46.3 billion takeover of Budweiser-maker Anheuser-Busch Cos.
Buffett's Berkshire Hathaway Inc. owned 35.56 million shares as of March 31. At the stock's March low of $45.68, the stake was worth about $100 million less than the $1.72 billion Buffett paid. InBev's $65 a share offering price would allow him to unload the investment for $2.31 billion.
Carlos Brito, chief executive officer of InBev, seeks to create the world's largest brewer by sales volume, adding Budweiser to the Leuven, Belgium-based company's Stella Artois, Bass and more than 200 other brands. Berkshire has owned its Anheuser shares for about three years.
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