Anheuser-Busch, the pride of St. Louis, Missouri, and a 50% holder of the domestic beer market, with an equally impressive share of international beer sales, is fighting to maintain control of the century-old, family-legacy business. However, as a public company, and as news insiders have suggested, even Anheuser-Busch is vulnerable to a takeover. [See ipeb Sunday July 13 article for new details]
On June 11, Belgian Brewer InBev, a huge international beverage-provider in its own right, made an unsolicited $65 per share offer for Anheuser-Busch, which the Anheuser-Busch board of directors are prepared to reject, cnnmoney.com reports.
In response, on June 26, InBev announced that it had filed a lawsuit in Delaware Chancery Court, where Anheuser-Busch is incorporated, to have Anheuser-Busch shareholders remove board of director members who oppose the sale.
It goes without saying, that the tight-knit, St. Louis community is vehemently opposed to the takeover. Not only does Anheuser-Busch employ 6,000 workers in the St. Louis area, but it is instrumental in philanthropy, education, cultural development, and community out-reach in St. Louis.
For a look at Anheuser-Busch go to (Anheuser-Busch Companies).
Here is the cnnmoney.com article referenced above (InBev makes hostile move in Anheuser-Busch takeover) and another article from NPR (Anheuser-Busch Takeover Talk Shakes St. Louis).
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