Headlines

AB InBev Rules Out Budvar Purchase

Brewing giant Anheuser-Busch InBev says it no longer has plans to acquire Czech brewer Budejovicky Budvar, with whom it has been fighting a long legal battle over the use of the “Budweiser” brand. Frank Hellwig, legal director for AB InBev, says “we don’t have any plans, or intention, or desire to buy Budvar” as a way of solving the dispute. (The Washington Post)