ST. LOUIS — After weeks of public bickering, Anheuser-Busch Cos. Inc.'s board is likely to accept a sweetened buyout offer from the Belgian-based brewer InBev SA as early as this weekend, a published report said.

The Wall Street Journal reported Friday that InBev has boosted its takeover offer for the St. Louis-based maker of Budweiser, Bud Light and other beers by $5 a share to $70. It said one person it did not identify by name said the Anheuser-Busch board is likely to accept the offer this weekend.

An earlier New York Times report, also citing unnamed sources, said talks have become friendly. The Times also said Friday that a person close to the talks said Inbev had raised its offer to $70 a share. It said an announcement of a deal could come as early as Monday.

A deal would be a stunning turnaround from the often heated rhetoric between the two companies over the past several days.

Anheuser-Busch "does not confirm, deny or speculate on rumors of potential investments, acquisitions, mergers, new business partnerships or other transactions," said W. Randolph Baker, the company's vice president and chief financial officer. InBev offered no immediate comment.

Anheuser-Busch shares rose $5.29, or 8.6 percent, to close at $66.50 after rising to a 52-week high of $66.55 during the session.

Analyst Juli Niemann of Smith Moore & Co. investment brokers agrees the deal could be announced any day.

"It really is all about the money," Niemann said. "We just had to get a little bit more on the table. Bottom line is the rest is just housekeeping — what's going to be the name of the new company, that sort of thing. The layoffs will go ahead. Asset sales — you've got to pay for it."

News of the potential deal hit hard in St. Louis, where many — perhaps most — bars and restaurants prominently display Budweiser and Bud Light signs. Many sell Anheuser-Busch products exclusively.

"Right now, we're the closest bar to the biggest brewery in the world. Next year, we're going to be the closest bar to InBev's North American headquarters. It just doesn't sound right," said James "Jimbo" Sinovic, owner of Bid Daddy's bar.

Down the street at the Cat's Meow, bartender Terry Boren said customers will probably keep buying Budweiser, Michelob and other brands, even if they're no longer "American owned."

But if InBev stays true to its reputation for vigorous cost-cutting, resentments might linger.

"If the jobs stay here, I think everyone will stay pretty loyal," Boren said.

InBev announced a $46 billion takeover bid on June 11. The Anheuser-Busch board rejected it as too low. But InBev pushed ahead.

On Monday, InBev's takeover effort escalated to a hostile bid when the maker of Stella Artois and Beck's announced through a filing with the Securities and Exchange Commission it would attempt to remove all 13 members of the Anheuser-Busch board. Anheuser-Busch responded by saying InBev sought a "hand-picked board" to buy the company at a discount.

At the time, InBev said it took the action because Anheuser-Busch had refused to talk about its offer. Anheuser-Busch released a statement saying it "would be open to consider any proposal that would provide full and certain value to Anheuser-Busch shareholders."

Carlos Brito, InBev's chief executive, has said he strongly prefers to negotiate with Anheuser-Busch. He has previously noted that InBev's $65 a share offer is well above the $50 per-share price of Anheuser-Busch stock before its value was inflated by market speculation about InBev's offer.

Anheuser-Busch's board has laid out its own plan for earnings growth that would cut costs and increase prices to boost the stock's value over the next few years. Brito earlier cited "significant execution risks" with the plan, saying it failed to tackle the problems Anheuser-Busch will face as prices soar for transportation and key ingredients.

The deal has been widely opposed by Missouri politicians, worried it would create a near-monopoly in the U.S. beer market and hurt the state's economy. Anheuser-Busch employs about 6,000 workers in St. Louis.

Many St. Louisans fear the loss of the iconic brewer that is heavily involved in charitable and civic endeavors. A Web site, SaveBudweiser.com, claims to have nearly 60,000 signatures from merger opponents. Another Web site, SaveAB.com, hosted a rally last weekend that drew hundreds of takeover opponents.

InBev has promised to keep open all 12 of Anheuser-Busch's U.S. breweries, and to keep the company's North American headquarters in St. Louis.

Niemann said Anheuser-Busch has itself to blame for becoming a takeover target, allowing the stock price to stagnate around the $50-per-share range for the past several years.

"The family has run it like a private fiefdom even though they had no control over (the stock)," Niemann said. "That's why you saw the stock flatter than 2-year-old beer until the rumors started with InBev."

The beer industry has been consolidating in recent years amid rising costs for transportation fuel and key ingredients.

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AP reporter Christopher Leonard in St. Louis contributed to this story.

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