InBev Postpones Rights Offering: What Does it Mean?

Yesterday was a tough day for InBev. It appears nobody is immune from the credit crisis after all. As the U.S. government works to shore up banks and even partially nationalize some, InBev announced yesterday that it is postponing the rights offering that was designed to help fund the acquisition of Anheuser-Busch citing "unprecedented volatility in the global capital markets." However, InBev still expects to close the deal by the end of 2008 and said the postponement will not affect