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Anheuser-Busch to cut costs after saying no to bid

by Duane D. Stanford

BREWER Anheuser-Busch Cos is placating investors after rejecting InBev NV's US$46.3-billion hostile takeover bid by planning to cut up to US$1 billion in annual costs and buying back more shares. The biggest United...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080630/article_365010.htm"> Anheuser-Busch to cut costs after saying no to bid </a> by -- BREWER Anheuser-Busch Cos is placating investors after rejecting InBev NV's US$46.3-billion hostile takeover bid by planning to cut up to US$1 billion in annual costs and buying back more shares. The biggest United... </p>