InBev Uncorks Anheuser Takeover Bid

June 12, 2008 by Latest
InBev launched an unsolicited bid to acquire Anheuser-Busch today for $46.4 billion, offering a substantial premium to Anheuser shareholders in a move that would place the 132 year-old iconic Budweiser brand in the hands of a Belgian-Brazilian giant.
The combination would create the world's largest brewer with net sales of about $36 billion annually.
In evaluating the nonbinding, $65-a-share proposal, Anheuser said in a statement Wednesday that its board “will pursue the course of action that is in the best interests of Anheuser-Busch's stockholders.” The statement added that the board would make a decision “in due course.”
Statements like that often make me sick to my stomach.  I certainly hope that the board is not only considering the financial rewards that stockholders may receive… hmmm, do you think the board members own any stock?
C'mon suits… think about the fact that you are Budweiser… you are the last big icon of American beer… an icon of America!  What is that worth to you?
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