A-B to Leverage Up

The board of Anheuser-Busch Co. has approved a new, more aggressive leverage target, meaning that it has given incoming president August Busch IV and his management team more latitude in how much debt the company can get into. Why would A-B need more debt capacity? Share buy-backs, dividends, and the ability to make bigger acquisitions if the opportunities arrive. A-B will reduce its cash flow to total debt target from the previous 30 to 40% range to the 25 to