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Buffett 'set to back' InBev's Budweiser bid

Buffett 'set to back' InBev's Budweiser bid
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Warren Buffett is set to back the bid by the InBev company for the brewery business of Budweiser, according to reports.

Mr Buffett is among the world's richest men and his firm Berkshire Hathaway owns 4.9 per cent of the stocks and shares in Budweiser's parent company Anheuser-Busch, reports the Atlanta Business Chronicle.

Members of the Busch family who are on the board at Anheuser-Busch have suggested that Mr Buffett's view on the proposed £23.2 billion takeover could have a crucial impact in whether or not it goes ahead.

"Should Mr Buffett see this merger as a positive action for all shareholders involved, the likelihood of a deal will increase enormously," said Adolphus Busch IV in a statement recently.

"His participation in the recent merger of Wrigley and Mars Inc is evidence of his integrity," he added.

Now 78 years old, Mr Buffett was recently listed among Time magazine's 100 most influential people in the world and last year he was named by Forbes as the wealthiest man on the planet.
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