FOXNews.com - Report: Anheuser-Busch Agrees to InBev Sale - Local News | News Articles | National News | US News
Quote:
ST. LOUIS — Anheuser-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, The Wall Street Journal reported Sunday.
The deal, which is subject to shareholders' and regulators' approval, would create the world's largest brewer and create the fourth-largest consumer product company worldwide. The newspaper cited anonymous sources who said Anheuser-Busch-InBev would be the new company's name and Anheuser would have two seats on the board.
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Well, at least it wasn't sold to a company in China. Otherwise, I'd have to worry about lead-paint content.
I don't think there's much doubt that job cuts are coming if this goes through. With both ingredient & transportation costs on the rise, there will be the inevitable "elimination of duplication" with a buyout like this, especially of this size.
And considering they own 48% of the market here in the US, I would assume we aren't going to see any changes in the product itself because that would be ill-advised. You throw InBev on the label, and Miller will move in for the kill: "Great Taste, Less Filling, Made in America." Yeah, Budweiser would still be made here, but Miller could gain some serious ground on that one.
Eh....as long as Budweiser doesn't do
what Sapporo did in Japan, I suppose I'll keep buying it on occasion. It's not my favorite, but I partake every once in a while.
07-14-2008, 05:48 AM
Report: Anheuser-Busch Agrees to InBev Sale
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