Anheuser Settles Shareholder Suits Over InBev Deal

Law360, New York (October 23, 2008, 12:00 AM EDT) -- Anheuser-Busch Cos. Inc. will settle all shareholder litigation in Delaware and Missouri surrounding the beer maker's planned $52 billion merger with Belgian brewer InBev NV, the company said in regulatory filings Thursday.

The St. Louis-based brewer will pay $2.5 million in legal fees to settle litigation with shareholders in Delaware Chancery Court, where the company was hit with 11 lawsuits related to InBev's initial $65 per share offer, according to Bloomberg.

The suits claimed Anheuser-Busch directors had breached their fiduciary duties by failing to maximize shareholder...
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