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Round One: Victory Anheuser-Busch

Published 06/26/08 Jeff Bennett - Print Article
E-mail - editor@economyincisis.org

Anheuser-Busch is expected to reject InBev’s offer of $46.3 billion to acquire the American brewery, according to Market Watch. InBev’s failed initial takeover is a promising sign for American industry since jobs, profits and technology will continue to reside here. This decision by Anheuser-Busch needs to remain final – not just an effort to illicit more money from InBev – to demonstrate that American industry is not for sale.

Source Market Watch:

Anheuser-Busch will reject InBev's unsolicited $46.35 billion offer as early as this week, setting the stage for a hostile takeover battle, The Wall Street Journal reported late Wednesday. Anheuser is likely to argue that InBev's offer undervalues the maker of Budweiser and that it will present its own strategic plan which could include sale of non-core assets such as its theme parks, according to the newspaper. However, InBev is not expected to retreat without a fight, the Journal said.

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