Anheuser-Busch InBev’s shares fell 1.85% on Monday after news broke that the brewer might have its eyes set on acquiring Coca-Cola.
The world’s largest brewer, which last month finalized the acquisition of SABMiller, its closest rival in a $103bn deal might yet be seeking its next acquisition target, according to a report in London’s Sunday Telegraph. Carlos Brito, AB InBev’s CEO is said to be setting its sights on Coca-Cola, a company with a market capitalization of $176bn, which would provide a big bonus payday for AB InBev’s top managers.