InBev committed to 'full and fair' price for A-B

Anheuser-Busch’s rejection of InBev’s $46billion takeover bid has not been enough to shake off the Belgian-Brazilian giant, it became clear today.  
But if the rebuff was an attempt to get the firm to up its price there will be some disappointment in St Louis. InBev has said it remains committed to purchasing A-B’s remaining shares at a “full and fair” price of $65 a share.  
There are also signs that InBev’s stated aim of achieving a “friendly combination” of the two companies could be souring. Last week InBev filed suit in Delaware to confirm that A-B shareholders can remove the 13-strong board without cause.
Chief executive of InBev Carlos Brito said: “Our firm proposal of $65 per share reflects the full and fair value of the company. The proposal is backed by fully committed financing, and provides immediate certainty of value in a weakened stock market environment. Our firm proposal was rejected in favour of a newly formulated management plan with significant execution risks.” 
Brito said the combination of the two companies, which would create the world’s largest brewing superpower with control of roughly a quarter of the planet’s beer production, would benefit from economies of scale as commodity prices continue to soar.
InBev boasts of consistently improving profitability and successful global expansion and Brito claimed the deal offers “unparalleled opportunities for consumers, employees, wholesalers, business partners and communities”. He added that the merger would create a stronger global distribution network.  
Since InBev officially made its unsolicited offer on June 11, the two companies have not met. Brito said: “Given the seriousness of our firm proposal, we were surprised that we did not hear from Anheuser-Busch’s Board of Directors, management or advisors prior to the rejection.”
There has been no official response from A-B – America’s largest brewer and owner of the world’s two best selling beer brands Bud Light and Budweiser – as InBev continues to eye the firm.