A-B’s Board Punts

Not surprisingly, the Anheuser-Busch board met today but did not have any response to InBev's $65 all-cash bid. According to a release:"The Anheuser-Busch Cos. Inc. board of directors met today to discuss in detail the unsolicited, non-binding proposal submitted from InBev June 11 to acquire all outstanding shares of the company. No response to the proposal was made by the board today. The board will continue to review and consider the proposal."So that's it. It behooves A-B management to drag