June 25, 2008 / 5:12 PM / 11 years ago

Buffett says has not taken position on InBev bid

NEW YORK (Reuters) - Billionaire investor Warren Buffett told Reuters in an interview on Wednesday that, contrary to popular belief, he had not yet taken a position on InBev’s INTB.BR $46.3 billion takeover bid for Anheuser-Busch Cos Inc (BUD.N).

Buffett, who is one of Anheuser’s largest shareholders, said he had not held talks with anyone, and laughed off media reports that he supported the bid.

“The interesting thing is that I have not commented on that, although people have run stories on what I have done,” he said. “Maybe they are confusing me with (singer) Jimmy Buffett.”

Buffett is Anheuser’s second-largest shareholder, with a roughly 5 percent stake. At the price InBev is currently offering for Anheuser-Busch, Buffett’s stake would be worth about $2.3 billion.

Anheuser shares were up 1 percent to $61.74 in afternoon New York Stock Exchange trade.

Reporting by Martinne Geller and Lilla Zuill; editing by John Wallace and Lisa Von Ahn

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below