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.
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