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Actionable news in BUD: ANHEUSER-BUSCH INBEV SA/NV,

Anheuser-Busch InBev (BUD) Stock Higher on Cost Cutting Plan by SABMiller

NEW YORK (TheStreet) -- Anheuser-Busch InBev's (BUD) stock closed higher by 1.08% to $111.88 on Friday, after SABMiller (SBMRY) announced a more detailed cost-cutting plan today amid the brewing company's most recent takeover offer.

The proposal is likely an attempt by SABMiller to pressure AB InBev to up its roughly $100 billion takeover offer, which SABMiller rejected on Wednesday...


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