Anheuser-Busch higher following Oriental Brewery purchase

|About: Anheuser-Busch InBev SA/NV (BUD)|By:, SA News Editor

Shares of Anheuser-Busch InBev (BUD) trade higher after the global brewer buys Oriental Brewery for $5.8B.

Oriental Brewery is the largest South Korean brewer and already distributes A-B brands in the region. Analysts see immediate synergies after the deal closes sometime later this year.

BUD +3.1% premarket