Business

Chris Cantell Discusses Business: Anheuser-Busch agrees to a takeover to InBev
by Martina Janeckova

Anheuser-Busch, the maker of famous beer brands Budweiser and Bud Light, has agreed to a takeover by InBev, a Belgian brewer. Anheuser-Busch is a company with long history- Eberhard Anheuser acquired the Bavarian brewery in 1860 and renamed it E. Anheuser & Co., later after his son-in-law joined the company, it was renamed Anheuser-Busch. Today Anheuser-Busch is the largest brewer in the U.S with market share about 48 %. InBev, the Belgian maker of Stella Artois and Beck's, is the second-largest beer maker in the world behind SABMiller. InBev announced its intent to acquire Anheuser-Busch on June 11 2008 and offered $65 per share, which was later increased to $70 per share. On 13th July 2008 the board of directors of Anheuser-Busch Cos. Inc. accepted a $52 billion takeover offer. The deal has to be approved by shareholders and regulators yet. Carlos Brito, current CEO of InBev, will be chief executive officer of the combined company too. The company will be renamed Anheuser-Busch-InBev. According to Brito, "combination of Anheuser-Busch and InBev will create a stronger, more competitive global company with an unrivaled worldwide brand portfolio and distribution network, with great potential for growth all over the world." However, the takeover has opponents too. Some politicians were concerned how the merger would affect the 6,000 employees of Anheuser-Busch in St. Louis. In addition to opposition from politicians and civic leaders, there are two websites opposing the merger. One of them is SaveBudweiser.com that claims to have more than 60,000 signatures from merger opponents. Second one is SaveAB.com, which hosted an anti-merger rally in St. Louis.

by Martina Janeckova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>



Anheuser-Busch, the maker of famous beer brands Budweiser and Bud Light, has agreed to a takeover by InBev, a Belgian brewer. Anheuser-Busch is a company with long history- Eberhard Anheuser acquired the Bavarian brewery in 1860 and renamed it E. Anheuser & Co., later after his son-in-law joined the company, it was renamed Anheuser-Busch. Today Anheuser-Busch is the largest brewer in the U.S with market share about 48 %. InBev, the Belgian maker of Stella Artois and Beck's, is the second-largest beer maker in the world behind SABMiller. InBev announced its intent to acquire Anheuser-Busch on June 11 2008 and offered $65 per share, which was later increased to $70 per share. On 13th July 2008 the board of directors of Anheuser-Busch Cos. Inc. accepted a $52 billion takeover offer. The deal has to be approved by shareholders and regulators yet. Carlos Brito, current CEO of InBev, will be chief executive officer of the combined company too. The company will be renamed Anheuser-Busch-InBev. According to Brito, "combination of Anheuser-Busch and InBev will create a stronger, more competitive global company with an unrivaled worldwide brand portfolio and distribution network, with great potential for growth all over the world." However, the takeover has opponents too. Some politicians were concerned how the merger would affect the 6,000 employees of Anheuser-Busch in St. Louis. In addition to opposition from politicians and civic leaders, there are two websites opposing the merger. One of them is SaveBudweiser.com that claims to have more than 60,000 signatures from merger opponents. Second one is SaveAB.com, which hosted an anti-merger rally in St. Louis.

by Martina Janeckova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are original content from young talents around the world and are selected for you by Chris Cantell.</font><br>

Labels: Business, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom

posted by Blog TechSource @ 2:24 AM