Anheuser-Busch receives 46 Billion dollar offer from Belgian brewer.

[techs]

http://news.yahoo.com/s/ap/200...e/anheuser_busch_inbev

Anheuser-Busch says InBev makes unsolicited purchase bid By CHRISTOPHER LEONARD, AP Business Writer

Anheuser-Busch Cos., the nation's biggest brewery, received a purchase offer Wednesday from a Belgian brewer that might be too good to refuse.

Anheuser-Busch reported late Wednesday that InBev SA gave it an unsolicited bid to buy the company for roughly $46 billion. It's unclear whether senior Anheuser-Busch executives think the deal makes sense, but shareholders may be drawn to the offer ? $65 a share, a steep premium over the company's closing price of $58.35 Wednesday.

"Anheuser-Busch said that its board of directors will evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch's long-term strategic plan," the company said in a statement. "The board will pursue the course of action that is in the best interests of Anheuser-Busch's stockholders."

A spokeswoman said the company would not comment beyond the statement.



I guess the Bush economic debacle has really hit home. The Euro is soaring and the dollar falling. Time for the Europeans to pick up some soon to be formerly American companies.
Thanks, Bush!

 

[CADsortaGUY]

Originally posted by: techs
http://news.yahoo.com/s/ap/200...e/anheuser_busch_inbev

Anheuser-Busch says InBev makes unsolicited purchase bid By CHRISTOPHER LEONARD, AP Business Writer

Anheuser-Busch Cos., the nation's biggest brewery, received a purchase offer Wednesday from a Belgian brewer that might be too good to refuse.

Anheuser-Busch reported late Wednesday that InBev SA gave it an unsolicited bid to buy the company for roughly $46 billion. It's unclear whether senior Anheuser-Busch executives think the deal makes sense, but shareholders may be drawn to the offer ? $65 a share, a steep premium over the company's closing price of $58.35 Wednesday.

"Anheuser-Busch said that its board of directors will evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch's long-term strategic plan," the company said in a statement. "The board will pursue the course of action that is in the best interests of Anheuser-Busch's stockholders."

A spokeswoman said the company would not comment beyond the statement.



I guess the Bush economic debacle has really hit home. The Euro is soaring and the dollar falling. Time for the Europeans to pick up some soon to be formerly American companies.
Thanks, Bush!

Or maybe they are just looking to buy market share and huge distribution networks...

 

[sactoking]

My brother's employer (Least coast biotech company) just got bought out by an Austrian biotech company. It makes sense, one had products and no cash while the other had lots of Euros (which was TONS of US Dollars) and no products. Now, the European company owns the American company pretty much b/c Europeans view the Dollar now like Americans viewed the Peso 10 years ago.

 

[jpeyton]

It's a buyer's market for US companies on the international market. Everything is going up against the dollar; Euros, oil, Yen, Yuan, etc.

The reason this offer is so high is because it's free money for them.

In 2005, 30 billion Euros = $37.5 billion USD

In 2008, 30 billion Euros = $46 billion USD

That's a lot of free billions.

 

[dmcowen674]

Good

I hope they take the Red White and Blue off their label.

 

[StageLeft]

Oh well, at least the us still has the chicago tower.

Oh, right, abu dhabi just bought it.

Well, at least my area's power company is still locally owned (that is, until the spanish mega power corp finalizes its buyout, oh snap!).

 

[StageLeft]

Originally posted by: dmcowen674
Good

I hope they take the Red White and Blue off their label.

Apparently, Budweiser condemned Miller (?) being bought out a few years ago by an international corp in its commercials. Ah, what hypocrisy.

 

[marincounty]

Maybe they will start making better beer?

 

[daishi5]

Originally posted by: Skoorb

Originally posted by: dmcowen674
Good

I hope they take the Red White and Blue off their label.

Apparently, Budweiser condemned Miller (?) being bought out a few years ago by an international corp in its commercials. Ah, what hypocrisy.

1. It was an unsolicited bid, they condemned them for selling out, Anheuser-Busch has not actually sold yet, and they did not even try to sell. This company just about walked up to them on the street and asked to buy the clothes off their back for a lot of money.

2. This would be another overpaid american CEO out of a job, while american workers retain their jobs. I do not see a downside to the american public, except maybe the really rich guys in charge, unless I am missing something?

 

[Kenazo]

Too bad one of our Canadian brewers didn't offer on it

 

[Pabster]

Originally posted by: CADsortaGUY
Or maybe they are just looking to buy market share and huge distribution networks...

No, dammit. Stick with the program. It's all Bush's fault! :laugh:

 

[CADsortaGUY]

Originally posted by: Pabster

Originally posted by: CADsortaGUY
Or maybe they are just looking to buy market share and huge distribution networks...

No, dammit. Stick with the program. It's all Bush's fault! :laugh:

oh yeah, silly me.

 

[CrackRabbit]

Originally posted by: marincounty
Maybe they will start making beer?

Fixed

I could only dream of a Australian or European company buying the one I work for.
The current owners are a bunch of retarded lemurs...

 

[Ronstang]

The Belgians make great beer (and guns too...kind of ironic since they don't mix) and Anheuser-Busch makes the crap. This can only be a good thing if they actually change the product....I would actually buy it for a change.

 

[miketheidiot]

good riddance

 

[Slew Foot]

But what about the Superbowl commercials?

 

[Auric]

Originally posted by: Kenazo
Too bad one of our Canadian brewers didn't offer on it

You mean like Labatt's? Oh wait, they were aquired by Interbrew (now InBev), years ago. Then there's Molson-Coors. Yeah, I R Canadian (duh)?

The fact is, there's no room for such small companies on a global playing field. Indeed, Anheuser-Busch is universally acknowledged as shitting the bed in being content with their market and failing to expand and/or combine internationally.

Most folks would prolly be surprised how few brewers there actually are these days. InBev and SABMiller compose the majority of pop brands.

 

[extra]

Originally posted by: CADsortaGUY
Or maybe they are just looking to buy market share and huge distribution networks...

Shhh, facts and logic have no place here!

In addition to that, a huge brand name recognition that can be used as well.

 

[Auric]

Originally posted by: extra

Originally posted by: CADsortaGUY
Or maybe they are just looking to buy market share and huge distribution networks...

Shhh, facts and logic have no place here!

In addition to that, a huge brand name recognition that can be used as well.

If not for the distribution and thus opportunity to "upsell" Americans into superior brews then they are going an aquisition too far, 'cause frankly Budweiser is pisswater that I cannot imagine anyone but Americans drinking.

 

[ericlp]

Anyone still drink that rat piss? I say let em have it! Disgusting ... Hopefully they will change it for the better, maybe start using green bottles and add a more IPA flavor to it or something.

 

[kage69]

Maybe they will start making better beer?

Pretty much what I thought first as well...

As far as the offer/possible sale to a foreign firm goes - meh. No way to avoid this in an age of globalization and a weak dollar. Be glad the company is from a country with a stellar beer producing record, and devoid of royalty who rub elbows with terrorist organizations.


I have a bit of a problem with defense firms being in a position like that, but in this case I don't think it's a big deal and would actually look forward to a better product - maybe with some Belgians on board the AB breweries could put out a decent wheat ale, or something nifty like a Lambic.