Check out InBev looking at a nice, cold Bud.

Belgian business newspaper De Tijd reported on Tuesday that InBev’s board of directors was about to decide whether to allow its advisers to start negotiating with Anheuser-Busch, the maker of Budweiser and other beers.

The Financial Times reported Friday that InBev was considering a $65-a-share bid for BUD and a source close to the situation confirmed for Reuters on Friday that a bid was being prepared.

In an industry already going through several hook-ups — Molson Coors and SABMiller combining U.S. operations, Carlsberg and Heineken taking apart Scottish & Newcastle — Anheuser-Busch could be an attractive option for InBev as last call approaches.

The company dominates the U.S. market, after all, nevermind the fact that demand for domestic beer has been sluggish.

That flaw may not repel other suitors, either. The FT’s Alphaville blog suggests that Diageo and Heineken could both come after Anheuser-Busch.

Meanwhile, an InBev takeover of Anheuser-Busch would also roil the Mexican beer market, as Reuters’ Chris Aspin explains.  

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(Photo: Anheuser-Busch)