InBev Ups Offer to $70 a BUD; Anheuser Negotiating?

July 11, 2008 by Latest
InBev has upped its per-share offer to takeover Anheuser-Busch to $70, an increase of $5 a share, according to the Wall Street Journal.
InBev may be back to attempting a friendly deal after weeks of non-negotiation with A-B.  Just two weeks ago, Anheuser said that InBev’s offer of $65 per share “substantially undervalues” the company.  InBev was publicly firm about the $65 a BUD price.
According to the Journal, Anheuser's board may agree to the offer over the weekend, though “social issues,” including the name of the newly-formed company will still take time to work through.  InBev has claimed that Budweiser would be the “flagship brand” of the new company, and according to The Financial Times, issues still to be resolved include how InBev would honor Anheuser-Busch's commitments to its employees and beer wholesalers, and whether executives would retain roles at the merged company.
Here at Drink American, we certainly hope that all of the new Budweiser commercials that have been running endlessly, touting the virtues of American greatness and family values of the Busch family, aren't full of clydesdale shit.
 
 

Leave a Reply

Be the First to Comment!

avatar
800

From Brian’s Belly

  • The Mamba Bar Tool
    A few years back, I was enamored by the Snake Bite, an ultra-sleek bottle opener that doubles as my keyring. But I never ...
    Published on December 4, 2016
  • Build a Steel Sixtel Keg Cooler from an Old Water Tank
    Need to chill sixtel or corny kegs for an upcoming party this summer? Sometimes you don't want your kegged beer to tie you ...
    Published on June 29, 2016
  • The Drinking Jacket 2.0
    Do you enjoy drinking a frosty one outdoors but hate that freezing fingertips feeling? The Drinking Jacket 2.0 is a feature-packed hoodie and ...
    Published on November 18, 2015
  • Archer Glengoolie Glasses, for Your Mid-Range Scotch
    We all know that Glenlivet and Glenfiddich can't hold up to the peaty tang of Glengoolie Scotch Whisky. Certainly Sterling Archer knows. Now ...
    Published on November 13, 2015
  • Perfect Drink App-Controlled Smart Bartending System
    The Perfect Drink scale and app is a modern bartender's buddy. It will help you consistently create cocktails that are well-measured and well-received, ...
    Published on November 11, 2015

Archives