Anheuser-Busch confirmed Wednesday that InBev has made a a $46.3-billion bid to take over the American brewery.
InBev, whose brands include Stella Artois and Beck’s, is offering $65 per share for Anheuser, the leading U.S. brewer with 48.5% of the market.
A-B said its board of directors “will evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch’s long-term strategic plan,” and make a determination regarding the proposal “in due course.”
Wachovia analyst Jonathan Feeney said InBev, known for aggressive cost-cutting, could find about $1.2 billion a year in savings.
“InBev would focus its efforts on streamlining the U.S. beer giant, a possibility which might not sit well with Anheuser distributors.”
Not surprising, the St. Louis Post-Dispatch has a complete rundown.
Will happen. From the stock holders standpoint, this is a good business deal and will make them money. Most don’t give a tinkers damn about the history behind the company.
InBev will end up spinning off the smaller “brands” that A-B owns to make money and then sell A-B to another buyer. That’s what holding companies do. They don’t actually get hands on in the brewing process, they buy and sell to make money. Period.
Well – it’s official. InBev has bought out Anheuser Busch, and now the job cuts and downsizing is eminent. Most people have had enough for the last 5 years with all the job outsourcing to foreign countries, but this just hurts!!
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