Movers: Anheuser-Busch, Palm, Micron, Ericsson, KB Home
Anheuser-Busch Companies (BUD) board unanimously rejected InBev NV's (INBVF) $46.35 billion ($65 per share) takeover bid, calling it "financially inadequate." Announces productivity plan. S&P believes InBev may be willing to go hostile, may not raise offer above $65 per share; keeps hold on BUD.
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