Brookston Beer Bulletin

Jay R. Brooks on Beer

  • Home
  • About
  • Editorial
  • Birthdays
  • Art & Beer

Socialize

  • Dribbble
  • Email
  • Facebook
  • Flickr
  • GitHub
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Powered by Head Quarters Built on WordPress
You are here: Home / Uncategorized / InBev Merger Approved By A-B Shareholders

InBev Merger Approved By A-B Shareholders

November 12, 2008 By Jay Brooks

Moving one step closer to a reality, Anheuser-Busch shareholders voted earlier today to approve the takeover by InBev, whose shareholders likewise approved the deal on September 29. The merger is now expected to close by the end of this year, pending regulatory approvals and other conditions stipulated under the contract.

From the press release:

“The proposed merger between Anheuser-Busch and InBev under consideration today was a difficult decision for our board to make,” said August A. Busch IV, president and CEO, in comments made during the meeting. “In the end, the board determined that the InBev proposal is in the best interest of our shareholders. The merger also provides a promising future for our beer brands and for all stakeholders — employees, wholesalers, retailers and our consumers.”

“Under the merger, the new company will expand Budweiser into new markets around the world, fulfilling the global ambitions my family has long dreamed about for this great American brand. I’m proud that the Budweiser tradition and our 150-year commitment to delivering the best brewed beer in the world will live on,” said Busch. “I want to sincerely thank our shareholders for the support they have given me and this great company for so many years.”

August A. Busch IV will be a director of the newly combined company, which will take the name Anheuser-Busch InBev.

Despite some recent rumors about problems with obtaining the financing under the present global economic downturn, all seems to be going along smoothly. It now looks like, barring any additional financial market calamity, there’s nothing standing in the way of this merger taking place and closing before 2009.

My one quibble with A-B’s statement today — there’s always something, right — is Busch’s comment that “[t]he merger also provides a promising future for our beer brands and for all stakeholders — employees, wholesalers, retailers and our consumers.” Maybe, but it certainly does not do so equally or evenly. Many of the employees who will be laid off might not feel that their futures have been made better by the merger. Likewise, distributor shakeups will inevitably take place, which I’m skeptical will be for the better. As for how it affects consumers, only time will tell.

 

Filed Under: Uncategorized Tagged With: Uncategorized



Comments

  1. Edmond Medina says

    November 12, 2008 at 7:50 pm

    Here is an interesting theroy I heard the other day. I was listening to The Sunday Session on The Brewing Network a few weeks ago. They had on one of the brewers at Shlafly Brewing in St Louis, MO. He made a point to say don’t be too surprised if it falls through. With credit markets being what they are right now. Who is to say that InBev can raise all the capital to complete the purchase. Just some that I found to be interesting.

Find Something

Northern California Breweries

Please consider purchasing my latest book, California Breweries North, available from Amazon, or ask for it at your local bookstore.

Beer Bulletin Email

Enter your email address to receive daily digests:

Recent Comments

  • Lucy Corne on Beer Birthday: Lucy Corne-Duthie
  • Kendall Staggs on Beer In Ads #4341: Miss Rheingold 1955 Filling Yuletide Requests
  • Historic Beer Birthday: Robert Burns » Brookston Beer Bulletin on John Barleycorn
  • Susan Appel on Historic Beer Birthday: John Roehm
  • S. Pavelka on Beer Birthday: Rich Norgrove

Recent Posts

  • Historic Beer Birthday: Benjamin Truman March 20, 2023
  • Beer In Ads #4385: Miss Rheingold 1957 Portrait Preview March 19, 2023
  • Historic Beer Birthday: Benedict Haberle March 19, 2023
  • Beer Saints: St. Joseph March 19, 2023
  • Historic Beer Birthday: Edward Fitzgerald March 19, 2023

Tag Cloud

Advertising Anheuser-Busch Announcements Bay Area Belgium Brewers Association Brewing Equipment Budweiser Business California Christmas Europe France Germany Guinness Health & Beer History Holidays Hops Humor Infographics Kegs Law Mainstream Coverage Miller Brewing Northern California Pabst Packaging Patent Pennsylvania Press Release Prohibitionists Rheingold San Francisco Schlitz Science Science of Brewing Sports Statistics The Netherlands UK Uncategorized United States Video Washington

The Sessions

session_logo_all_text_1500

Next Session: Dec. 7, 2018
#142: One More for the Road
Previous Sessions
  • #141: Future of Beer Blogging
  • #140: Pivo
  • #139: Beer & the Good Life
  • #138: The Good in Wood
  • #137: German Wheat
Archive, History & Hosting

Typology Tuesday

Typology-png
Next Typology:
On or Before March 29, 2016
#3: Irish-Style Dry Stout
Previous Typologies
  • #2: Bock Feb. 2016
  • #1: Barley Wine Jan. 2016
Archive & History

This month’s posts

March 2023
S M T W T F S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Feb    

BBB Archives

Go to mobile version