June 27 (Bloomberg) -- Inbev NV, the Belgian brewer pursuing a takeover of Anheuser-Busch Cos., may have to offer an additional $7 billion to persuade the U.S. company's board to sell.
Anheuser-Busch, the St. Louis-based maker of Budweiser beer, rejected InBev's $46.3 billion proposal yesterday as "financially inadequate'' and kept the door open for a higher offer or another suitor.
"We've entered into hostile territory,'' said Tom Pirko, president of Bevmark LLC, a consulting firm in Buellton, California. "InBev is a very aggressive company. They don't take no for an answer.'' Pirko, whose firm has analyzed the beverage industry for 30 years, also said InBev may offer as much as $75 a share.
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