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Anheuser-Busch Contests Shareholder Lawsuit

Lawsuit claims Anheuser-Busch's board has hurt shareholders by rejecting InBev's unsolicited $46 billion purchase offer.

ST. LOUIS (AP) -- Attorneys for Anheuser-Busch are going to court in St. Louis to fight a shareholder lawsuit involving the proposed takeover by brewer InBev.

The lawsuit was filed by the New Jersey Carpenters Annuity and Pension Funds. It claims Anheuser-Busch's board has hurt shareholders by rejecting InBev's unsolicited $46 billion purchase offer.

Anheuser-Busch attorneys argued in court on Wednesday that the case should be decided in Delaware, where the company is incorporated. Nine lawsuits have already been filed there alleging the same points.

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