ST. LOUIS, June 11 /PRNewswire-FirstCall/ -- Anheuser-Busch Cos. Inc. (NYSE: BUD) announced today that it has received an unsolicited, non-binding proposal from InBev to acquire all of the outstanding shares of Anheuser-Busch for $65 per share in cash.

Anheuser-Busch said that its board of directors will evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch's long-term strategic plan. The board will review the merits of the proposal consistent with its fiduciary duties and in consultation with its financial and legal advisers. The board will pursue the course of action that is in the best interests of Anheuser-Busch's stockholders.

Anheuser-Busch's board expects to make its determination regarding InBev's proposal in due course.

Based in St. Louis, Anheuser-Busch is the leading American brewer, holding a 48.5 percent share of U.S. beer sales. The company brews the world's largest-selling beers, Budweiser and Bud Light. Anheuser-Busch also owns a 50 percent share in Grupo Modelo, Mexico's leading brewer, and a 27 percent share in China brewer Tsingtao, whose namesake beer brand is the country's best-selling premium beer. Anheuser-Busch ranked No. 1 among beverage companies in FORTUNE Magazine's Most Admired U.S. and Global Companies lists in 2008. Anheuser-Busch is one of the largest theme park operators in the United States, is a major manufacturer of aluminum cans and one of the world's largest recyclers of aluminum cans. For more information, visit http://www.anheuser-busch.com.

SOURCE  Anheuser-Busch Cos. Inc.
    -0-                             06/11/2008
    /CONTACT:  Terri Vogt of Anheuser-Busch, +1-314-577-9646/
    /Web site:  http://www.anheuser-busch.com /
    (BUD)

CO:  Anheuser-Busch Cos. Inc.; InBev
ST:  Missouri
IN:  REA FOD ALC
SU:  TNM

JR-KQ
-- AQW115 --
1331 06/11/2008 16:42 EDT http://www.prnewswire.com