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The first Boeing 787 Dreamliner sits on the assembly line at the company's Everett plant in Washington in this May 19, 2008 file photo. REUTERS/Robert Sorbo/Files

Aerospace and Defense

Defense budgets are not declining as sharply as some had feared, but companies are scrambling to ensure continued earnings growth. Get exclusive insight into the defense sector from the Reuters Aerospace and Defense Summit.  Full Coverage 

    InBev gets funding, offers olive branch to A-Busch

    PHILADELPHIA
    Wed Jun 11, 2008 6:33pm EDT

    PHILADELPHIA (Reuters) - InBev NV on Wednesday confirmed its $46.3 billion bid for rival Anheuser-Busch Cos Inc and spelled out its financial backing and plans to keep the Budweiser name unchanged.

    Stocks  |  Mergers & Acquisitions

    InBev said the deal would be financed with at least $40 billion in debt, as well as equity financing and the divestiture of non-core assets. The company said it had "strong support" from a group of banks to provide "all of the financing required."

    InBev said it would position Budweiser as the combined company's flagship brand and the name of the merger company would "evoke Anheuser-Busch's heritage." InBev said it did not expect to close any U.S. breweries.

    (Reporting by Jessica Hall, editing by Richard Chang)

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