Friday, November 14, 2008

Getting Close With Anheuser Busch

We’re almost at the finish line with the closing of the Anheuser Busch (Ticker: BUD) merger with InBev. A lot of news reports are predicting a close next week. Today, the Justice Department gave their blessing to the merger pending a small divestiture of Labat. This was the last piece of the puzzle in closing this deal. The banks are all set in funding the deal next week. So hopefully, we’ll see the cash by the end of next week!

I also picked up a few shares of Puget Energy Holding (Ticker: PSD) at $25.09, which is being acquired by Macquarie Infrastructure Partners for $30 in cash. The company is waiting for the regulatory approval from Washington State. Speculation is that this approval is imminent so we’ll see soon. Once the approval is granted, the deal should close in two weeks. Obviously, there’s some risk here based on the wide spread.


At November 17, 2008, Anonymous Anonymous said...

Washington Utilities and Transportation Commission!OpenForm&vw2005L1DktSh=072375-Documents&NAV999999

At November 17, 2008, Blogger Money Turtle said...

Thanks for the link...


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