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Adagio

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Well, I guess this Bud is not for you...
« on: July 13, 2008, 09:24:14 PM »

Money talks and an American Icon will eventually be outsourced I am sure...

http://news.yahoo.com/s/nm/20080714/bs_nm/anheuser_inbev_dc


InBev agrees to buy Anheuser for $50 billion

PHILADELPHIA/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc (BUD.N) agreed to a $50 billion takeover by Belgium-based InBev NV (INTB.BR), a source familiar with the situation said on Sunday, creating the world's largest beer maker.

 InBev, the maker of Stella Artois, and Budweiser-brewer Anheuser were not immediately available to comment.

The combined company will be called Anheuser-Busch InBev, said the source, who agreed to speak on condition of anonymity. Anheuser will get seats on the new company's board, the source said, but it was not immediately clear how many.

The deal brings an amicable resolution to a month-long saga that was becoming increasingly hostile as the two companies sued each other and InBev set the stage to try to replace Anheuser's board of directors.

InBev had proposed its own slate of nominees for the board that included Adolphus Busch IV, an uncle of the current chief executive of Anheuser-Busch.

InBev lured Anheuser to the bargaining table last week by raising its offer to $70 per share from $65 per share, a 27 percent premium over Anheuser's record-high stock price in October 2002.

Shares of InBev and Anheuser surged on Friday as news of the higher offer and the negotiations emerged. Anheuser closed up 8.6 percent at $66.50, and InBev closed up more than 7 percent.

Sources had said that the two companies and their advisers had talked in New York over the weekend, working through details such as the name for the combined company, roles for Anheuser's executives and the structure of the board. The breakup fees if the deal collapses also were discussed over the weekend, the sources said.

InBev had tried to soothe some of Anheuser's concerns last month, saying it would keep Anheuser's St. Louis home as the headquarters for the North American region. Anheuser's main Budweiser beer would also become the new company's "flagship brand."

Last week, the director of the Brewery and Soft Drink Workers Conference of the International Brotherhood of Teamsters asked to meet with InBev Chairman Peter Harf and InBev Chief Executive Carlos Brito, according to a letter posted on the union's Web site http://www.budwatch.com.

Led by Chief Executive Carlos Brito, InBev is known for ruthless cost-cutting.

The union, which represents workers at all 12 of Anheuser's U.S. breweries, asked for the meeting to discuss the initial offer so it could "fulfill our responsibilities to advise and protect our members."

It was unclear if InBev and the union met.

A takeover of iconic U.S. company Anheuser has sparked an outcry from some politicians, including Democratic presidential candidate Barack Obama.

Any deal with Anheuser is complicated by its relationship with Mexico's No. 1 brewer, Grupo Modelo (GMODELOC.MX), which makes Corona. Modelo, already 50 percent owned by Anheuser, has the right to choose its partner and therefore has a role in discussions of any acquisition of Anheuser-Busch. Modelo could not be reached for comment.

Analysts have said that Modelo is likely to embrace InBev's bid for Anheuser and hopes the Belgian brewer proves to be a more dynamic and innovative partner than the biggest U.S. brewer.

Anheuser also owns 27 percent of China's Tsingtao Brewery Co Ltd (600600.SS).

While Anheuser controls nearly half the U.S. market with brands like Budweiser, Bud Light and Michelob, InBev has strong positions in Western Europe and Latin America and is growing in Eastern Europe and Asia.

InBev, which was formed by the 2004 merger of Belgium's Interbrew with Brazil's AmBev, is based in Belgium and run by a mostly-Brazilian management team.
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Pax

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Re: Well, I guess this Bud is not for you...
« Reply #1 on: July 13, 2008, 09:28:08 PM »

Anheuser-Busch isn't an "American" company.  It was started here in America, but just like Ford, Chrysler, GM and lots of others they are a GLOBAL company, hence liable to hostile takeover by some other GLOBAL entity.  Welcome to America, 2008, for sale to the highest bidder or our biggest debtors...
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Pax

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Re: Well, I guess this Bud is not for you...
« Reply #2 on: July 13, 2008, 10:00:48 PM »

Heineken's caca, bad pilsner hops or something.  I usually drink Labatt's Blue or Guinness if it's not a microbrew...AB products and my gastrointestinal tract don't get along at all...  :-\
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Qui tacet consentit! - "He who is silent consents" - Maxim of Law
"For he who would be deceived, let him." - Roman maxim
"Not to oppose error is to approve it; and not to defend truth is to suppress it; and indeed to neglect to confound evil men, when we can do it, is no less a sin than to encourage them." -Pope St. Felix III
Nemo Me Impune Lacessit.
Ryht æðelo biþ on ðam móde, næs on ðam flæ-acute

lordfly

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Re: Well, I guess this Bud is not for you...
« Reply #3 on: July 13, 2008, 10:58:25 PM »

Good. Maybe now they'll brew something worth drinking.

:P
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Johnson35

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Re: Well, I guess this Bud is not for you...
« Reply #4 on: July 13, 2008, 11:30:49 PM »

Good. Maybe now they'll brew something worth drinking.

:P


I'll second that
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marilyn.monroe

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Re: Well, I guess this Bud is not for you...
« Reply #5 on: July 14, 2008, 01:42:37 AM »

Boo. Pass me a Rolling Rock please.
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ChadB

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Re: Well, I guess this Bud is not for you...
« Reply #6 on: July 14, 2008, 01:58:07 AM »

I drink Labatts and Guinness also. Uh Oh.
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Chips

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Re: Well, I guess this Bud is not for you...
« Reply #7 on: July 14, 2008, 06:08:26 AM »

I don't drink anything stronger than Pop,
but Pop will drink about anything. ;D
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Pax

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Re: Well, I guess this Bud is not for you...
« Reply #8 on: July 14, 2008, 07:17:32 AM »

I drink Labatts and Guinness also. Uh Oh.

Too funny, Squonk...;D

I drank Rolling Rock (and Green Light) a lot more before AB bought 'em out, shut down the Latrobe Brewery, and laid off what was it, 400 people?, a couple years back...  I have no use for Butt or Butt Light though, never have...
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Qui tacet consentit! - "He who is silent consents" - Maxim of Law
"For he who would be deceived, let him." - Roman maxim
"Not to oppose error is to approve it; and not to defend truth is to suppress it; and indeed to neglect to confound evil men, when we can do it, is no less a sin than to encourage them." -Pope St. Felix III
Nemo Me Impune Lacessit.
Ryht æðelo biþ on ðam móde, næs on ðam flæ-acute

marilyn.monroe

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Re: Well, I guess this Bud is not for you...
« Reply #9 on: July 14, 2008, 08:00:57 AM »

Am I safe with Leinenkugel? Ugh.  At least this will spur small American breweries on, I hope. Wonder if the take-over will change the AB lobby in politics.
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