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Anheuser-Busch Agrees to InBev Sale

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BusinessAnheuser-Busch Agrees to InBev SaleAnheuser-Busch Agrees to InBev SaleThe Associated PressAnheuser-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 and create the world's largest brewer. (July 14)It's a 52 billion dollar deal that could create the world's largest brewing company....Anheuser Bush and Belgian brewer InBev reportedly have agreed to join forces, finally completing a merger that has been in the works for moths.The deal still must be approved by shareholders and approve by regulators.Anheuser-Bush initially voted against the merger in June, saying InBev's 65 dollar per share offer was too low.But the maker of Stella Artois and Becks --- then came back to the table, upping their offer to 70 dollars per share to reach an agreement.Anheuser-Busch is by far the largest brewing company in the nation.... owning more than 48 percent of the market share. InBevs says it plans to use St. Louis as its North American headquarters, and will keep all 12 of Anheuser-Busch's North American breweries open...But they did not say if there will be layoffs. It's not clear how long approval might take from regulators and shareholders.Anheuser-Busch-InBev would be the new company's name --- if the final agreement is reached. ___ ___, The Associated Press.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: AssociatedPress

Length: 01:04
Rating: 3.29
Views: 2584

Tags: agrees  anheuser  anheuser-busch  busch-inbev  inbev  sale  

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hansvdw1 (November 30, 1999 at 12:00 am)
a merger whoehahah!! We OWN the american brewery, because we BOUGHT it lol. If you buy something you own it. tss tss a merger Well if its easier for you guys to accept that your brewery is belgian now yep lets call it a merger. americans and brains pfff
mudkipNDS (November 30, 1999 at 12:00 am)
the only hope i see for america is in california... and california might not even be a part of this country anymore by the time we realize that... third-world status here we come...
ejb812 (November 30, 1999 at 12:00 am)
The sad thing is you may be right...
jocamadad (November 30, 1999 at 12:00 am)
Yes that is probably true but the sad fact is that they've probably already have been importing their ingredients for a long time now as well as just about every other brewer mentioned on here and I would even venture to say that a lot of the local microbrewers do the same thing. There's nothing really 100% American anymore. That comes from decades of people voting in Presidents and other public officials that are under the thumb of the CFR, and guess what, it's going to happen again this year.
FranklyMisterShankly (November 30, 1999 at 12:00 am)
Even if they brew it in the US, chances are it will be with much cheaper Brazilian barley and rice. Budweiser is as American now as beer & waffles. Thank God for the local microbrewers.
FranklyMisterShankly (November 30, 1999 at 12:00 am)
It's Bush's fault for starting a war, the debt for which was floated with bonds sold to Chinese banks, which, in turn devalued the currency. InBev bought AB at fire sale prices because the dollar is worth a fraction of what it was. Hell, they got such a bargain, they even paid in cash!
FranklyMisterShankly (November 30, 1999 at 12:00 am)
Fuck Budweiser, or InBev, or whatever the hell that swill is now called. I'm on my way to Harpoon brewery on Boston's waterfront, my half-gallon growler in hand. At least I know where that stuff is made.
SantasSports (November 30, 1999 at 12:00 am)
Support your local micros.....
jocamadad (November 30, 1999 at 12:00 am)
I'll continue to drink budweiser as long as it says it's brewed in the USA but when that day ceases to exist then I'll make a switch. I don't care who owns the company as long as they still make the product here. It's the workers that make it an American made product not the owners.
jocamadad (November 30, 1999 at 12:00 am)
Nobody showed any respect or support for the people who depended on the motorcycle industry, or those who depended on the electronics industry, or those who depended on the auto industry, or those who depended on the textiles industry. In other words, I wouldn't hold my breath waiting on respect or support from people in this country if I was you.

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