Wikipedia: "In Belgium, horse meat (paardenvlees in Dutch and viande chevaline in French) is highly prized."
Posted on 07/13/2008 5:36:50 PM PDT by abb
BREAKING NEWS: Anheuser-Busch and InBev have completed a deal at $70 per share, which will create a new company to be named Anheuser-Busch InBev. Anheuser will get two seats on the combined board.
(Excerpt) Read more at online.wsj.com ...
amazing.
Don’t drink Bud, won’t ever drink Bud now.
Alright abb, tell us what InBev is. Can’t access that website. What does this mean and why should we care?
More bad news for Rolling Rock.
It all comes from the same horse.....ptooie!
Is this the company that makes Milwaukee’s Best? That’s the only beer I like.
InBev is a huge Brazilian owned brewery conglomerate.
"I'd like to have a beer," she says, in a broad Swedish accent.
"Yes, ma'am," replies the bartender. "Anheuser-Busch?"
"Just fine," she says. "And how's your penis?
Horses to the dogfood factory. Beer Wagons to the kindling pile.
Imbev is a no-frills operation.
Horses to the dogfood factory. Beer Wagons to the kindling pile.
Imbev is a no-frills operation.
No doubt Augie Busch is rolling over in his grave.
http://online.wsj.com/article/SB121598077288249131.html?mod=hps_us_whats_news
Anheuser Agrees to InBev Deal
By DAVID KESMODEL, DENNIS K. BERMAN and DANA CIMILLUCA
July 14, 2008
Anheuser-Busch Cos. agreed to be acquired Sunday by InBev NV for $49.91 billion, creating the world’s largest beer maker and placing an iconic American company in the hands of a Belgian-Brazilian giant.
The $70-a-share deal marks an abrupt end to what many expected to be a prolonged takeover drama. For weeks, Anheuser showed stiff resistance to a sale. But last week, InBev, based in Leuven, Belgium, drew its St. Louis rival into friendly discussions by increasing its offer by $5 a share.
The companies plan to call the new brewer Anheuser-Busch InBev. Anheuser would have two seats on the board, people familiar with the matter said.
The deal, subject to shareholder approvals, would cap Anheuser’s roughly 150 years of independence and create a global juggernaut. The new company would have net sales of about $36 billion a year, followed by London’s SABMiller PLC. The two giants hawk about 300 brands, including Anheuser’s Budweiser and Bud Light and InBev’s Stella Artois and Beck’s.
The agreement is evidence that even though the global mergers-and-acquisitions market has slowed dramatically as a result of the credit crunch, the appetite of many corporations for takeovers is still strong. It also shows that banks, in spite of the losses they’ve suffered on risky debt they took on in recent years, are still willing to open their checkbooks to help fund combinations of strong companies.
The tie-up carries significant risks for InBev. Most of Anheuser’s profits come from the U.S market, which is growing at a slow clip. Mass-market brewers face rising competition in the U.S. from small-batch “craft” beers, wines and spirits.
snip
What does this takeover mean?
Off topic, but is Genessee Cream Ale still produced?
Wikipedia: "In Belgium, horse meat (paardenvlees in Dutch and viande chevaline in French) is highly prized."
Don’t know. Not much of a beer drinker in my old age. Mostly bourbon and gin now.
And, anecdotally speaking (with information that I've heard from someone who works at SAB/Miller), people with cushy jobs at AB will have to get up off their asses and work.
Oh, and the amusement parks will be sold-off posthaste.
Belgian. The Brazilians own Miller.
I don’t know much about economics but it seems wrong.
Oh, it definitely “seems” wrong, but the InBev people are going to come-in and clear out the deadwood. Capitalism is brutal, and that’s why we like it.
Nothing wrong with it. We just feel a certain nationalistic twinge when an iconic company is purchased by "foreign" interests. But there's nothing preventing you and me from buying as much In-Bev stock as we can.
There is the feeling among some that August Bush IV didn’t take his legacy as seriously as did his predecessors.
http://en.wikipedia.org/wiki/August_A._Busch_IV
http://money.cnn.com/magazines/fortune/fortune_archive/1997/01/13/220882/index.htm
The AB board could have been subject to shareholder lawsuits for turning down the last offer from InBev. Maximizing the value of the shares is the name of the game.
It’s Miller time.
You mean SAB/Miller.
They've been foreign owned for years.
“Same horse” he he....
Back in ‘71 I was in the Air Force, here in Denver.
I ordered a ‘Mickey’s Big Mouth”....took one sip, motioned to the waitress and said, “Could you put this back in the horse, and bring me Schlitz Malt Liquor?”
I hear they just started selling that again!
what’s wrong?
american firms buy foreign companies all the time.
actually, foreign investment in our domestic economy is good for us.
Yes. Genny Cream is my official beer that I serve to my guests at Notre Dame tailgate parties. I’ll also be adding Magner’s Premium Cider to my menu this fall (for a taste of something authentically Irish).
I'm surprised you have any friends left.
This is the man who built the company.
http://en.wikipedia.org/wiki/August_A._%22Gussie%22_Busch%2C_Jr.
Thanks. I assume it is still a very good beer.
Un-American.
Hell yeah..I love Genny Cream.....give me a six pack of cold genny and a bag of peanuts and I am happy.
Now, How will PBR be affected?
Isn’t it odd how the beer business is thriving and the housing market has fallen flat on it’s arse? Maybe people spent their mortgage money on booze.
PBR? That’s one I don’t hear about anymore. Never liked it, but, as I recall, was much better than Schlitz.
Schiltz is back (in the Midwest). I always liked it on tap. I’m taking a wait-and-see attitude for now. I’m afraid it will be marketed “up-scale.”
Being a St. Louis native (but not really a beer drinker), this is sad.
I have actually had some of that. It is good.
Man,
I hope not...
Last time I had it was out of can in the '80s. It probably is better on tap.
I went to college up there. I get a case every now and then.
LOL
actually inbev is pretty adept at marketing their regional and local beers, don’t be surprised if a couple of years down the road their selling more double r than ever.
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