Thursday, June 12, 2008

Budweiser may get bought out

Right into it:

ST. LOUIS (AP) - Belgian Brewer InBev is offering a big payday to shareholders of Anheuser-Busch Cos. (BUD) (BUD) Inc., but its bid to create the world's largest beer company is already facing a major obstacle - U.S. election-year politics.

InBev SA, whose brands include Beck's and Stella Artois, delivered an unsolicited all-cash bid of $65 a share for Anheuser-Busch, which makes Budweiser, Michelob and Bud Light. That's well above the St. Louis-based company's closing share price of $58.35 Wednesday.

But politicians and activists are already lining up against the deal, saying it could cost jobs in the United States and send ownership of an iconic American company overseas. With economic concerns at the front of voters' minds, the opposition could cause a headache for InBev.

I say, "Who cares?" We own everybody else's stuff, so why can't they own some of ours? There is still Miller (sort of) and Coors (also sort of)! And, of course, Sam Adams.

1 comment:

ahow628 said...

The US is the best bargain in the market right now. I don't understand how the US isn't owned by Europe by now.

"Wait, you mean I can take one of my units of money (Pound or Euro) and by your American company for an implicit 40-50% discount?"

To quote Dr. Nick, "What a country!"