The federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.(Aug. 12)
Anheuser-Busch, the maker of Budweiser and Bud Light, and the owner of several Central Florida theme parks, agreed to a takeover by the Belgian brewer InBev on Monday.
Anheuser-Busch has begun negotiations for a friendly merger with Belgian-Brazilian brewer InBev NV. Meanwhile, Sanofi-Aventis has tendered a $70.46 per share offer to acquire Czech drug company Zentiva.
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Anheuser-Busch plans to reject In-Bev's unsolicited $46.3 billion takeover offer - saying it undervalues the company. Meanwhile, Barclays has filed with U.S. regulators for an offering of up to 266 million new ordinary shares.
Inside the Holdings - Harbinger Capital Acquires 11.5 Billion Shares of Cablevision; Bill Ackman of Pershing Square Capital and David Einhorn of Greenlight Capital Buy Shares of Dr. Pepper Snapple Group; George Soros Makes Petrobras Top Holding; Stephen C
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