You knew it had to happen. Late last week, the Anheuser-Busch board of directors politely yet firmly told InBev that they were fine, thanks.
As reported in Beer Advocate, the response to InBev's offer to buy AB at $65 a share was a polite thanks but no thanks. The board if directors for the beer giant said that even though the $65 per share was over current share price, the offer really undervalued the earnings potential of the brand, as well as other assets the company has and plans they've made to make more money . So basically, InBev's offer wasn't enough.
Not that I can blame them. I don't think any company that's doing as well as Anheuser-Busch wants to be taken over. I personally like the decision. I don't like the thought of mega global companies all buying each other up to form one massive corporation, but that's just me. What do you think?
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Reader Comments (Page 1 of 1)
6-30-2008 @ 7:23PM
Red Icculus said...
Working in the industry, InBev is known as a cost-cutter conglomeration. The first thing they would do is cut the number of Indiana distributors from 33 to 3.
Then they would change the recipe of their crappy beer to not contain corn and rice. (OK, I'm not sure about that last one, but it sounded good.)
http://red-icculus.com
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6-30-2008 @ 8:13PM
Rob Brooks-Bilson said...
Anheuser-Busch has done the exact same thing to other companies that InBev is now trying to do to them. The only difference is that this time, it's an iconic American company trying to be bought up by a European company instead of the other way around.
I'd hate to see AB get bought too, but what's good for the goose...
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7-01-2008 @ 12:19AM
Skip said...
No Matter who owns the buildings ...companies...
We still own the land...
SKIP
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7-01-2008 @ 12:34AM
Silver_Potato said...
Budweiser? I haven't touched that hamster piss in years.
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7-01-2008 @ 12:52AM
Navy momma said...
As the wife of a driver of a "rolling billboard" (A semi with BUDWEISER across the trailer) for a local AB distributor which is one of the biggest in the Mid-Atlantic, I am soo glad to hear it. The LAST thing I want to hear is that my husband is out of work with the rest of the country because someone else got too greedy. We have enough problems now and AB has enough money to keep on trucking on their own..tell InBev to GO AWAY and STAY away..they have plenty of money too! Sheeesh..HOW many more American jobs have to leave this country? Enough so that NO ONE is working????
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7-01-2008 @ 1:21AM
Buy American!! said...
Silver Potato-head - that "hamster piss" money feeds my children. Let me guess.. you're another one who has his nose in the air at the AMERICAN BEER drinking peasants as they suck down the imported beer and put more AMERICANS out of work??? Regardless, the "hamster piss" comment was out of line. Oh I forgot -- me me me society ..don't think about the families on the other end of the spectrum. Refuse to buy American then biotch that there are no jobs in America.
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7-01-2008 @ 2:40AM
zip said...
"Let me guess.. you're another one who has his nose in the air at the AMERICAN BEER drinking peasants as they suck down the imported beer and put more AMERICANS out of work???"
There are LOTS of amazing beers made in the US by small breweries.
So, why drink tasteless garbage like Bud? Water is cheaper.
Supporting smaller breweries is much better for your local economy than buying Bud.
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7-01-2008 @ 4:07AM
moskynyrd said...
Great job Zip. Let's not mention Sam Adams. I forget where that one is brewed. "Buy American!!" Could you remind me please? The issue is flavor and Americans are looking for that. The fact is craft beer is taking over and if AB isn't going to make effeciant beer to compete with beers from places like The BOSTON Beer Company( I believe Boston is in America somewhere), then their stock is reaching it's peek and it will decline in the upcoming years and your loved ones will be out of a job because of bankrupty instead of "selling out". The market is turning in favor of flavor and the most profitable thing to do is find an Amerian company that is going to be in line with that because that is what the AMERICAN consumer wants.
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7-01-2008 @ 4:22AM
moskynyrd said...
Great job Zip!! Let's not mention Sam Adams. I forget where that one is brewed. "Buy American" maybe you can remind me. The fact is craft beers are taking over and there if AB doesn't get on board with that then their stocks are reaching a peak and will soon starting declining. Then your loved ones will be out of a job because of bankruptcy and not because of "selling out". The AMERICAN consumer wants taste and flavor like The BOSTON Brewing Company( I believe Boston is in America somewhere) can provide and if AB does not compete with that it will suffer a terrible fate. So do you as an investor of AB think that they can compete? Because craft beer just has more flavor and is a better beer or says the growing American public.
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7-01-2008 @ 4:26AM
Skip said...
I wish I could taste the difference of American and Imported beer.
SKIP
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7-03-2008 @ 1:48AM
Bernie B said...
While I don't like the Bud lineup of beers, they've done good things with their Michelob micro-brews. It's great that you can often go to your local dive now and get amberboch, etc..
AB may not have pioneered the microbrew scene, but they are making it more accessible to those who may not have tried a microbrew before.
Fortunately we have a lot of great Microbrews here in the midwest (Bell's is awesome).
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