Another American Icon get's snapped up by Overseas investors due to the weak $$$..... - Mercedes-Benz Forum

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post #1 of 14 (permalink) Old 07-13-2008, 10:41 PM Thread Starter
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Another American Icon get's snapped up by Overseas investors due to the weak $$$.....

This Bud's for the EU........

Wonder if all those USA No. 1 Loyal, God Fearing, Hot Dog Eating, Gun-toting, Pickup Truck Driving, Call Mom on Mother's Day Folks realize that after the close of this deal that part of each dollar spent on Budweiser will be heading directly overseas to the Owner.........



InBev agrees to buy Anheuser for $50 billion
Sunday July 13, 9:45 pm ET
By Jessica Hall and Martinne Geller

PHILADELPHIA/NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc (NYSE:BUD - News) agreed to a $50 billion takeover by Belgium-based InBev NV (Brussels:INTB.BR - News), a source familiar with the situation said on Sunday, creating the world's largest beer maker.

InBev, the maker of Stella Artois, and Budweiser-brewer Anheuser were not immediately available to comment.

The combined company will be called Anheuser-Busch InBev, said the sources, who agreed to speak on condition of anonymity. Anheuser will get seats on the new company's board, the sources said, but it was not immediately clear how many.

Adding another dimension to any deal was Mexico's No. 1 brewer Grupo Modelo (Mexico:GMODELOC.MX - News), which is 50 percent owned by Anheuser. The maker of Corona beer, which has the right to choose its partner, has not yet approved InBev for that role and the two brewers remain in talks, according to one person familiar with the situation.

Modelo declined to comment.

The deal brings an amicable resolution to a month-long saga that was becoming increasingly hostile as the two companies sued each other and InBev set the stage to try to replace Anheuser's board of directors.

InBev had proposed its own slate of nominees for the board that included Adolphus Busch IV, an uncle of the current chief executive of Anheuser-Busch.

InBev lured Anheuser to the bargaining table last week by raising its offer to $70 per share from $65 per share, a 27 percent premium over Anheuser's record-high stock price in October 2002.

Shares of InBev and Anheuser surged on Friday as news of the higher offer and the negotiations emerged. Anheuser closed up 8.6 percent at $66.50, and InBev closed up more than 7 percent.

Sources had said that the two companies and their advisers had talked in New York over the weekend, working through details such as the name for the combined company, roles for Anheuser's executives and the structure of the board. The breakup fees if the deal collapses also were discussed over the weekend, the sources said.

InBev had tried to soothe some of Anheuser's concerns last month, saying it would keep Anheuser's St. Louis home as the headquarters for the North American region. Anheuser's main Budweiser beer would also become the new company's "flagship brand."

Last week, the director of the Brewery and Soft Drink Workers Conference of the International Brotherhood of Teamsters asked to meet with InBev Chairman Peter Harf and InBev Chief Executive Carlos Brito, according to a letter posted on the union's Web site Budwatch | Important News for Anheuser-Busch Employees, Members, Retirees, and Their Communities.

Led by Chief Executive Carlos Brito, InBev is known for ruthless cost-cutting.

The union, which represents workers at all 12 of Anheuser's U.S. breweries, asked for the meeting to discuss the initial offer so it could "fulfill our responsibilities to advise and protect our members."

It was unclear if InBev and the union met.

A takeover of iconic U.S. company Anheuser has sparked an outcry from some politicians, including Democratic presidential candidate Barack Obama.

Analysts have said that Modelo is likely to embrace InBev's bid for Anheuser and hopes the Belgian brewer proves to be a more dynamic and innovative partner than the biggest U.S. brewer.

Anheuser also owns 27 percent of China's Tsingtao Brewery Co Ltd (Shanghai:600600.SS - News).

While Anheuser controls nearly half the U.S. market with brands like Budweiser, Bud Light and Michelob, InBev has strong positions in Western Europe and Latin America and is growing in Eastern Europe and Asia.

InBev, which was formed by the 2004 merger of Belgium's Interbrew with Brazil's AmBev, is based in Belgium and run by a mostly-Brazilian management team.

InBev agrees to buy Anheuser for $50 billion: Financial News - Yahoo! Finance

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post #2 of 14 (permalink) Old 07-14-2008, 12:44 AM
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Extortion money... obtained by a socialist continent.
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post #3 of 14 (permalink) Old 07-14-2008, 02:05 AM Thread Starter
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That's alot of profits heading out of the country each quarter............

Anheuser Busch's Beers.............

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post #4 of 14 (permalink) Old 07-14-2008, 05:04 AM Thread Starter
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Job Cuts Inevitable For InBev-Anheuser

Something tells me this won't be EU jobs being cut............

Job Cuts Inevitable For InBev-Anheuser

InBev and Anheuser-Busch are celebrating the creation of the world's largest beer company, after news that the board of the Budweiser-brewer voted to accept a sweetened $49.9 billion bid from InBev. (See "InBev Bags Anheuser-Busch")

But InBev has yet to lay out its plans for widely-expected job cuts, as the two firms seek to centralize operations.

The Belgo-Brazilian brewer would not comment on job cuts Monday, but the firm is already talking about cost savings, which will mean a significant reduction of its work force, analysts said. St. Louis-based Anheuser-Busch (nyse: BUD - news - people ) already proposed in late June to cut 10% to 15% of its workforce, or around 1,000 jobs, through early retirement and attrition.

Gerard Rijk, an analyst with ING Financial Markets, said job cuts would happen particularly at the corporate level, as well as in the marketing and administrative departments. "The companies can merge their businesses in the UK, China and North America," he said.

In response to concerns of job cuts, InBev, whose mostly Brazilian management team has a reputation for ruthless cost-cutting, promised to keep the headquarters of the North American division of the company in St. Louis and pledged that it wouldn't close any of Anheuser's breweries.

The companies said that the merger, which still needs approval from shareholders, will yield cost savings of at least $1.5 billion annually by 2011. Shares in InBev rose 3.4%, or 1.50 euros ($2.38), to 46.00 euros ($72.95), in Paris, while shares in Anheuser rose 2.3%, or $2.00, to $68.00, in pre-market trading in New York.

InBev's addition last week of $5 a share to its initial $65-a-share offer cut through an increasingly hostile standoff between the two companies, and seems to have helped bring Anheuser to the bargaining table. (See "InBev And Anheuser May Toast After All")

The $70 per share, all-cash transaction will be financed with $45.0 billion in debt, and InBev expects the transaction will be accretive to earnings per share beginning in 2010.

Both companies have turned to the courts, with the Belgian brewer looking to oust Anheuser's board and replace it with its own version that was to include a member of the Busch family, throwing light on a split in the founding family of the storied U.S. brewer. (See "Conflict Brews In The Busch Family") Anheuser responded by filing suit in a U.S. federal court on Tuesday, and had criticized InBev for having operations in Cuba.

Job Cuts Inevitable For InBev-Anheuser - Forbes.com
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post #5 of 14 (permalink) Old 07-14-2008, 05:13 AM
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Good. Let them take their piss water elsewhere.
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post #6 of 14 (permalink) Old 07-14-2008, 05:25 AM Thread Starter
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Good. Let them take their piss water elsewhere.
Have you thought they are also taking American jobs and USD's elsewhere as well?
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post #7 of 14 (permalink) Old 07-14-2008, 05:29 AM
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Yes. America is in the initial stages of crashing, might as well make the rest of the world a better place.
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post #8 of 14 (permalink) Old 07-14-2008, 05:36 AM
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Have you thought they are also taking American jobs and USD's elsewhere as well?
If they can't compete, get out of the way.

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #9 of 14 (permalink) Old 07-14-2008, 05:48 AM Thread Starter
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If they can't compete, get out of the way.

B
Bot, you something else.............
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post #10 of 14 (permalink) Old 07-14-2008, 06:05 AM
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Shit Robert you could have done the patriotic thing and got those toe rags in your country drinking Bud to bump up it's profits, oh well too late now best of moaning , I guess you'll have to drown your sorrows for the American loss with Coca cola and southern comfort. Bud is weasel's piss and at $50 billion you'd be a fool to say no.
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