RSSThis BUDS for EU … InBev Agrees to Buy Anheuser for $50 billion
This is something I never thought I would see in my life time … Budweiser taken over by a foreign entity as InBev swallows Anheuser-Busch. It’s official, Spuds MacKenzie just rolled over in his grave.
How wrong is this image … the selling off of America
Belgium based InBev NV agrees to buy US brewer Anheuser-Busch for a reported $50 billion. An American corporate owned icon is no more. InBev can say all the niceties they want with regards to smoothing over this deal to Anheuser-Busch employees and BUD drinkers, the truth is that the Budweiser label will never be looked at the same again and jobs may be at risk in future cost cuts.
The combined company will be called Anheuser-Busch InBev, said the sources, who agreed to speak on condition of anonymity. Anheuser will get seats on the new company’s board, the sources said, but it was not immediately clear how many.
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.”
After having resisted offers from InBev for a month, the Anheuser-Busch board finally agreed on Sunday to accept a sweetened bid that had been raised to 70 dollars a share in cash from 65. Because when it all comes down to it, its not about the brand, the image or the consumers who bought BUD products because it was an American icon … its about the share holder $’s. I guess no one has thought that people may no longer drink the product as its foreign owned? Budweiser was branded to Americana.
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8 Responses to “This BUDS for EU … InBev Agrees to Buy Anheuser for $50 billion”
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Pardon my language but this sooooo pisses me off.. I have been following this for weeks and was so hoping it NEVER would go through. This is what I was saying a few days ago, the world as we know it will soon be gone.. We are selling out.. for the love of money.
You are only seeing the beginning of foreign companies buying up America. With the weak dollar it is only going to get worse. This would have been equal to 150 billion if the dollar was not so weak and you would have so much of this happening.
Head for the Rockies!!!
The Chrysler building was just sold also.
I don’t like this feeling, and I know we are
in for so tough times.
in a year, it will be interesting to see how the current members of the busch board of directors is doing and what kind of positions they have with the InBev company.
dennisintn
What’s on tap now for Budweiser? CNBC takes you inside America’s 130-year love affair with the King of Beers. Now that InBev has agreed to purchase the iconic American brand, CNBC’s “American Originals: Budweiser” offers a first look at the new reality for Bud. Watch CNBC on Thursday, July 17 at 9p/12a ET to see the side of Budweiser you’ve never seen before… the past the present and the future. Click here for web highlights.
http://www.cnbc.com/id/25348737/?__source=bg|pst|budprem|07102008|&par=bg
Hope you enjoy, let me know if you would like more info!
Gunslinger,
I agree with you except Coors/Miller Brewing was bought out several years ago by a brewing company I believe from South Africa which in turn sold part to a company from London.
I hate to see someone lose a good paying job,but for my part they can pour all the Beer back in the the Horse.