News briefs: Coca-Cola and Anheuser-Busch

By Neil Merrett

- Last updated on GMT

Related tags: Inbev, Coca-cola company

This week, Coca-Cola confirms a possible interest in expanding its
ingredients operations on the Irish market, and InBev targets
Anheuser-Busch's board as it seeks to add the high-profile company
to its branded portfolio.

Coca-Cola confirms potential flavour development​ Coca-Cola says that it is considering constructing a new flavour manufacturing plant in Wexford Ireland, though has not yet committed to moving ahead with the project. Crystal Walker, communications director for the Coca-Cola Company, told that the company had filed for planning approval for a potential site, there was still no certainty that the group will move ahead with the plans. The spokesperson added that she was unable to divulge any information on what developments for flavours and other manufacturing processes would take place during the planning stage. Inbev looks to board shake up in Budweiser buy​ Another week and another turn it seems in the attempts by multinational InBev to acquire US-based brewer Anheuser-Busch, which could face a board change to ensure a potential takeover, say news reports. The group has apparently already lined up a rival board to head the brewer, most famous for its Budweiser beer brand, to ensure negotiations over an expected $46bn bid can go ahead, according to the Financial Times newspaper. Earlier this week, InBev said it had filed a Consent Solicitation Statement with United States Securities and Exchange Commission to remove each member of the company's board. ​ Carlos Brito, group chief executive officer claimed that the company has always sought for negotiations with the existing board of the brewer, though said it was now pursuing new ways of pushing ahead with a deal. "Our strong preference remains to enter into a constructive dialogue with Anheuser-Busch to achieve a friendly combination that comprehensively addresses the interests of all constituents," he stated. "We believe our firm offer of $65 per share reflects the full and fair value of Anheuser-Busch and is a compelling proposal for shareholders. The proposal is backed by fully committed financing and provides immediate certainty of value in a weakened stock market environment."

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