Posted on 07/13/2008 9:25:13 AM PDT by Ron Jeremy
Anheuser-Busch's (BUD) stock closed up over $5 at $66.50 on Friday and is trading at $67.00 after-hours. This price suggests the market is nearly certain that InBev will buy BUD at the rumored $70/share, and it may even incorporate the expectation of an additional price increase: given the political scrutiny this deal will receive, a 5% gap between the trading price and deal price is small.
In other news, InBev's potential purchase of BUD is reverberating through St. Louis and the country...and folks aren't happy about it:
Jordan Moore took the news that his beloved Budweiser could soon fall into foreign hands very personally: He decided he would scrap his plan to get the logo of the King of Beers tattooed on his right rib cage.
"I'll tell you one thing," said the 21-year-old concrete worker during his lunch break at The Brick of St. Louis bar, in the shadow of this city's storied Anheuser-Busch Cos. brewery, "if Budweiser is made by a different country, I don't drink Budweiser anymore. I'll go back to Wild Turkey." (Wild Turkey, a Kentucky bourbon, is owned by French drinks giant Pernod Ricard SA.)
If A-B is sold to a foreign company, that means the three largest US brewers are owned by foreigners (Coors owned by Molson...Canadian, Miller owned by SAB...South African)
Thank a free trader for this nonsense. Looks like nothing will be American owned anymore
Is it fair to say Coors is owned by Molson? Don’t the Canadians claim Molson is owned by Coors? I thought it was basically a 50-50 US/Canadian company, but I could be wrong.
Sam Adams
Long Trail
Magic Hat
Pete’s
Sierra Nevada
Anchor City
Shhhhh.....you’ll lower the stock price and tip everyone off to the horrid American swill they’ve been choking down for decades.
Bud is a horrible tasting beer that suitable for teenagers, cheap college students and drunks on a budget.
Why anyone who could afford to pay a couple of bucks more for a six pack of a decent beer would drink the stuff is beyond me.
Add Shiner (one of my personal favourites) to the list.
Guinness
Newcastle
Harp
Bass
I’ll add Sam Adams’ many fine Ales and Porter to that list.
Yuengling. Made in PA. As a bonus, they told the unions to get stuffed.
I say to the Wild Turkey guy... if you really want American made... go with moonshine. Nothing says American louder than that. In a world of multinational corps. and wallstreets, you are smoking crack if you expect everything around you to be 100% made in America.
Imagine going to InBev Stadium to watch the InBev owned St. Louis Cardinals!
“If A-B is sold to a foreign company, that means the three largest US brewers are owned by foreigners (Coors owned by Molson...Canadian, Miller owned by SAB...South African)
Thank a free trader for this nonsense. Looks like nothing will be American owned anymore”
Do you think the McCain’s will have a problem distributing it when it’s foreign owned? Has Cindy made a statement?
lol
Yuengling also has a brewery in Tampa, Florida
McCain has attacked the oil companies for not investing heavily enough in alternative energies, so I'm still waiting for Cindy's statement on her large investments in alternatives to beer.
No word yet...
And...
Arrogant Bastard
Widmer
Hair of the Dog
Dechutes
Rogue
Bridgeport
Anheuser-Busch is a publicly-traded company (on the NYSE). Do you really think all its shares are held by U.S. entities? And what about InBev, another publicly-traded (on the Euronext) company? The fact of the matter is that very few publicly-traded for-profit corporations are truly American-owned. Their shares (of ownership) change hands daily on exchanges around the world.
Now, if you're talking about a company's heritage, or its target markets, or the places where it has a physical presence...then Anheuser-Busch might be an American company, more or less.
Jesse the race pimp and family have a Budweiser distributorship they extorted right?
Yeungling is a good beer, but owned by Bud, I think.
Bud is indeed swill, and yet in Japan, it is considered a "premium" beer. Go figure.
Target Markets?
This company panders to illegal aliens more than Wells Fargo or BoA.
I laughed the first time I saw Bud on an imported beer list at a bar in Canada.
Would YOU want to own a major business or property in a country governed by the DNC?
Think about that.....
Business owners can't run to the "bank" and withdraw their "funds" if the bank shows signs of failing.
Businesses must SELL out to the greater fool BEFORE the economy fails due to mismanagement....
Mismanagement, Corruption and anti-business behavior are the hallmarks of the DNC.
Don't get angry at business for selling out --- blame the dumb asses who elect all those stupid bastards you see in political offices - MOST especially DEMOCRATS.
Years ago, I saw a cartoon depicting a horse drinking from one bucket of beer, while simultaneously filling another. One bucket was Bud, the other was Miller Light. Can’t remember which bucket was which, though, not that it matters.
Shiner, That’s one more for the Republic of Texas.
Uhhhh...try again, not even close.....
The family-owned brewery has traditionally changed ownership through the purchase of the company by the offspring of the previous owner. They are owned by the same family and always have been.
They forced out the unions by threatening to close shop making the employees decertify the union. Of course Teamsters now boycotts them, but in response Yuengling has been able to expand their operations and enter new markets such as the American south.
It’s the only beer I drink now.....it’s the best beer I’ve ever had.
Take a look, very entertaining, from 2000:
TEN REASONS NOT TO SUPPORT MCCAIN
http://www.freerepublic.com/forum/a38b35ffe7083.htm
...Yuengling is a privately held corporation and does not offer stock to the public. Nor do we issue financial and annual reports....
They recently ramped up distribution to the mid-Atlantic (including my home state). Between that, and a BS story that I heard at a party from a Budweiser distributor, I assumed that they had a larger backing.
FWIW, I "discovered" Yeungling in the early 90s on a trip through PA. I was glad when a buddy of mine told me a little while ago that "He found this fantastic NEW BEER called yingyang or something" at the grocery store....
Such irony. The best longneck Bud I ever had was in Niagara Falls. It was bottled by LaBatt’s!
Sam Adams
mmm mmmm mmmm mmmm good
Swill is the right word for it.
Well, if you’re going to go to UK stuff, let me add St. Peter’s Golden Ale.
Now selling at $6 for a single 16-oz bottle, but there is nothing like it.
Non-union and Made in the USA sends a Matthews-esque tingle up my leg!
:)
Go to Stone, Rogue, Great Divide, Lagunitas, DogFish Head, or Port Brewing (among many others) for a taste of real beer.
Screw the liberals who levied greater amounts of the 'sin tax' extortion on the sale of our humble brewskies!
If an American company doesn’t want to be foreign owned then they shouldn’t sell. Seems like folks believe in a free market until it works.
Try Shiner or any of the beers from the Great Lakes Brewing Co. (out of Cleveland)
Addenda:
For what it's worth, I was at the Falls in '92. I've found that InBev bought Labatt in '95.
Oh, consume with some wings, and it’ll tingle you!
yes-their Edmund Fitzgerald (stout) is outstading. Also Straub Beer (St. Mary’s PA) and Erie Brewing Company (Erie PA) also brew fine products
If InBev can get Bud to start tasting like Stella Artois (which InBev also owns) I’m all for it. Bud costs $7 to $7.50 at Ralph’s in Cali; you can go next store to Trader Joe and get a wide selection of fine American (Full Sail) and imported beers for $5.50 to $6, like Wittekerke a Belgian white. In general, though, the big beer biz is a loser; the lilliputions have taken down the Gullivers. Anonymous San Diego breweries make better beer than Bud.
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