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Acquisition of Anheuser-Busch Still A Possibility

Published 07/02/08 Jeff Bennett - Print Article
E-mail - editor@economyincisis.org

Tuesday, InBev made their first statement after being formally rejected by Anheuser-Busch’s board member. InBev believes their offer was valid and still plans to acquire Anheuser-Busch – possibly through a hostile takeover.

Other companies should heed Anheuser-Busch’s decision to remain domestic. Anheuser-Busch is forced to now reorganize the company through cost-cutting techniques, but retained are American jobs, profits and technology … which would be forever lost had InBev acquired the company.


Source Jacksonville Business Journal:

In his statement, Brito (InBev’s CEO) reiterated InBev's previous stance that $65 per share "reflects the full and fair value of the company." A-B formally rejected InBev's $46.3 billion takeover proposal on June 26, calling the $65-per-share offer "financially inadequate and not in the best interests of Anheuser-Busch shareholders." This is InBev's first response since the rejection.

…

Brito already has been making preparations to take InBev's takeover offer hostile by either organizing the removal of Anheuser-Busch board members or by taking InBev's offer directly to Anheuser-Busch shareholders.

Click here to contact your Representative in Congress.

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