Tuesday, June 5, 2007

Anheuser-Busch Options Surge on Report That Activist Ackman May Buy Stake

(Bloomberg) -- Trading in options to buy Anheuser-
Busch Cos. shares surged to a record after the New York Post
reported activist investor William Ackman may buy a stake in the
world's second-largest brewer.

Ackman, general partner of Pershing Square Capital
Management who lobbied for change at Wendy's International Inc.
and McDonald's Corp., has raised $2 billion to buy a stake in a
company that has a market value of $30 billion to $40 billion,
the Post reported today. The target may be Anheuser-Busch,
Starwood Hotels & Resources Worldwide Inc., Marriott
International Inc. or Kraft Foods Inc., the Post said.


Read more at Bloomberg Stocks News

No comments: