Anheuser-Busch Share Repurchase Approved

Anheuser-Busch Cos. Inc. said its directors have authorized the repurchase of 20 million shares, or about 7% of the company’s outstanding common stock.

A program to repurchase 15 million shares of Anheuser-Busch common stock authorized in June, 1988, is about 75% complete.

No timetable was set for completion of the newly approved repurchase program, the company said.

Anheuser-Busch said the shares will be purchased on the open market or in privately negotiated transactions.