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Aerospace and Defense

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    InBev: premature to talk about A-Busch synergies

    BRUSSELS
    Thu Jun 12, 2008 10:15am EDT

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    BRUSSELS (Reuters) - It is premature to talk about synergies from InBev's INTB.BR proposed takeover of Anheuser-Busch (BUD.N), InBev CEO Carlos Brito said on Thursday.

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    InBev said it was not ready to disclose which non-core assets it could sell to finance the deal, adding that new debt was likely to be based in the United States for tax reasons.

    "At this stage it's a bit premature to discuss the target with synergies," Brito told a webcast conference for analysts.

    "These synergies would get us to meet our internal financial benchmarks for an acquisition," he added.

    Belgium-based InBev, formed by the 2004 merger of Belgium's Interbrew with Brazil's AmBev, made on Wednesday an unsolicited $46.3 billion bid to buy Anheuser-Busch Cos and create the world's largest brewer.
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