Archive for Monday, July 14, 2008

Report: Anheuser-Busch agrees to InBev sale

July 14, 2008

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— Anheuser-Busch agreed to be acquired by Belgian brewer InBev for about $52 billion in a deal that would shift ownership of the nation's largest brewer overseas, The Wall Street Journal reported Sunday.

The deal, which is subject to shareholders' and regulators' approval, would create the world's largest brewer and create the fourth-largest consumer product company worldwide. The newspaper cited anonymous sources who said Anheuser-Busch-InBev would be the new company's name and Anheuser would have two seats on the board.

Anheuser-Busch Cos. Inc. did not return messages seeking comment Sunday evening.

The newspaper said the deal was for $70 a share, a $5 increase over the offer Anheuser-Busch rejected in June.

InBev, the maker of Stella Artois and Becks, is the world's second-largest beer-maker behind SABMiller. Anheuser-Busch is by far the largest brewer in the U.S. with more than 48 percent of the market.

Comments

Confrontation 6 years, 10 months ago

Will they still be able to call Budweiser "The Great American Lager?"

Daytrader23 6 years, 10 months ago

Bush's anti U.S dollar policy has made every company in America vulnerable to hostile take overs from foreign companies who now view the U.S as too cheap to pass up.Start sarcasm.Thank you George. Don't worry, I will continue to drink Becksweiser so my brain wont notice how you have eroded our country. Or I will blame the elitist left since thats what the radio guy said. U.S.A!, U.S.A!, U.S.A!Where's your patriotism?End Sarcasm.

Daytrader23 6 years, 10 months ago

And it tastes a lot better then piss water.I also like New Belgium Brewery (Fat tire) in ColoradoStone Brewery (Arrogant Bastard) in California Boulder Brewery (Single track) In Coloradojust to name a few. MMMMMMMI miss good American Beer.

Daytrader23 6 years, 10 months ago

Anonymous user75x55 (Anonymous) says:George Bush to blame? Talk about Bush-hater-syndrome:The board of Anheuser-Busch is to blame - they've made themselves wildly attractive for takeover through their business decisions and complacency. Such is the nature of big biz.Though it does make ya wonder about the foolish politicians that were bloviating about using their offices to "stop" such an acquisition:Yes Bush is to blame, if you read my post then you would clearly see that the anti U.S dollar policy of Bush has made the U.S cheap and prime for hostile takeovers, which is why Anheuser agreed to the buyout. First they said no, then InBev said it wanted to replace the board and take it over under hostile conditions, so finally they gave in.Also up on the take over block is UPS and Fed EX.And just to make this clear, if Bush really was pro dollar then why has the Treasury not bought U.S dollars in over 8 years? This is not a pro dollar policy.

dweezil222 6 years, 10 months ago

Time to start guzzling Sam Adams. It's the only reasonably sized American brewery, now.

jonas 6 years, 10 months ago

To quoth Shakespeare: "Virtually tasteless, watery, insubstantial crap by any other name tastes just as weak."Staff04: Whatever the source, personal or otherwise, I must say, that was perhaps one of the most clever posts I have seen on this site in quite some time. +1 sir, +1.

Ken Miller 6 years, 10 months ago

staff04 stole that one from the Drudge report.As for Anheuser-Busch, who cares? They have been selling a lousy family of beers for decades. Perhaps people will start trying smaller microbrewery beers and broaden their taste buds. There's also a great book written by a reporter from the St.Louis-Dispatch about 15 years ago that chronicles how the Busch family basically got away with murder - and lesser crimes - throughout late 1800s and 1900s. "Under the Influence - The Unauthorized Story of the Anheuser-Busch Dynasty" is a must-read if you want to see how major corporations can do just about anything and get away with it.

gccs14r 6 years, 10 months ago

The dollar has fallen from 1.15 euro to .64 euro since Bush took office. That has made all U.S. companies 44% cheaper for Europeans than they had been.

Satirical 6 years, 10 months ago

Alcohol is both the cause and the solution to all of life's problems. - Homer J. Simpson

more_cowbell 6 years, 10 months ago

Big corporation goes for profits over national (and especially local) loyalty......and this would be surprising, because...?I'm a Free State snob, so this isn't going to change my drinking habits. If beer gets more expensive due to cost of raw materials, transportation, fine. That's going to affect small breweries more than big ones, who rely upon economies of scale.But Free State's better beer. Most local brews are. Often it's related to the fact that the market they serve is small (at least to start with) and the focus on "gourmet" customization--not in the sense of "fancy", but more in the sense of "time-intensive" or "hand-crafted"-- and thus local breweries provide a "slow drink", the equivalent of "slow food") over a uniform, mass-market product. For $8 I'll take a jug of Free State over a 12- or 24-pack of "ruined water" (as the Brits have called it) every time.I don't miss beer that is best "guzzled" instead of "savored". I also don't miss corporate conglomerates that sold out long ago to the bottom line and so will choose a wealthy investor over loyal customers.Auf wiedersehen, Budweiser. ;-)

staff04 6 years, 10 months ago

Oscar-Just a coincidence. I don't generally get my news from blogs, especially blogs like Drudge that rely on innuendo and sensational headlines to dead links to generate hits.

Ken Miller 6 years, 10 months ago

Staff:Before you bash Drudge, check out this link:http://blog.washingtonpost.com/thefix/2008/07/how_matt_drudge_rules_the_poli.htmlIf your staff04 moniker relates to political work, I would think you already knew this. Love it or hate it, the Drudge report is apparently a must-read for many in DC.

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