BUSINESS
07/04/2008 05:12 am ET Updated May 25, 2011

InBev's Anheuser-Busch Bid Turns Hostile

InBev, the brewery based in Belgium, has begun a hostile bid to take over the Anheuser-Busch Companies.

In a statement, InBev said Thursday that it had filed a lawsuit in Delaware Chancery Court seeking to confirm that Anheuser shareholders can remove without cause all 13 board members.

The company said that it had started a $46.3 billion takeover for the Budweiser maker, but that its "strong preference" was to begin a constructive dialogue with the Anheuser's board to achieve "a friendly combination."

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