Tuesday, July 15, 2008

Beer War

The world's largest brewer .... WOW Talk about your big business multi-national !!

BRUSSELS/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc accepted a sweetened $52 billion takeover bid from Belgium-based InBev NV to create the world's largest beer maker and end a month-long standoff.

InBev, which makes Stella Artois and Beck's, agreed to pay $70 per share for the maker of Budweiser, up from its original unsolicited bid of $65 per share, both companies said on Monday. The improved offer marked a 27 percent premium to Anheuser's record-high stock price in October 2002.

The deal, which InBev and analysts expect to gain regulatory approval, would be the largest in the industry and the second-biggest ever foreign takeover of a U.S. company.

The combined Anheuser-Bush InBev would have about $36.4 billion in annual net sales, about 40 percent in the United States, and would brew about a quarter of the world's beer.



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Anonymous Anonymous said...

Those masters of capitalism over in Europe show the Americans whats for!

What is really shicking is how much money can be made in shitty beer. For the love of god people go out and buy a local micro-brew. Not only do they have...you know...a taste...but they also support local businessmen, and for those people that worry about such things I also assume that the "carbon footprint" of a can of local brew is less than a can of crappy bud.

Same thing goes for Canadians. I always want to vomit at the goldeyes game when people are ordering coors lite after coors lite or bud when the goldeyes also have a full range of Fort Garry Brewing products as well.

7/15/2008 6:38 p.m.  
Blogger WomanHonorThyself said...

indeed..Cheers !!..have some wine..heh

7/15/2008 11:17 p.m.  
Blogger OMMAG said...

Oh hear you loud and clear ... anon!

And you Angel ... ;)

7/16/2008 10:10 a.m.  

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