I've been following what will happen with InBev and AB for a while now, and got quite a few responses about it in a past post.
It was reported today that InBev has filed with SEC to begin the process of removing the board members from AB in a hostile takeover, and going directly to the shareholders for the takeover bid. InBev seems quite determined to get their hands on AB.
Here is the article.
I have an interest in the markets, and I find this quite interesting, but I am sure most of you don't really care.
Cheers!
Matt
3 comments:
I have been following this story myself with some interest. Anymore I think I am starting to take InBev's side on this. Somewhere I read the letter that the chairman of InBev sent to August Busch IV a few weeks ago detailing the benefits of the proposal. Things like no changes in the management structure, no brewery closings, headquarters to remain in St. Louis, etc. All the way around this sounded like a true win-win for A-B, yet it was rejected and basically called a low-ball offer. Yet the offer is almost 20% higher then the A-B stock has been, EVER, for their entire history.
If for nothing else, it somewhat amusing to at least see A-B squirm a bit.
I've read many stories about this takeover and from a business standpoint everything I've seen thus far shows that InBev would run the company to the very highest standards, but we wouldn't know that until it actually happened.
I think it is interesting that some of the family wants to sell and some of the Busch family doesn't want to sell. I am curious what their true feelings are. Is is about the money or has AB IV run the company long enough?
I don't have a windows messaging name either or I would post on your blog more.
I think even funnier than A-B's reaction, until the offer apparently hit that $70 a share sweet spot, is the reaction of St. Louis-ians and some other "patriots" to this potential sale. Apparently, many aside from just the stockholders see the "King of Beers" as something worth defending. Beyond the jobs aspect, for the life of me, I just don't get it. It's such a thoroughly mediocre product made with rice by a corporate behemoth. I don't care if the family still owns controlling shares or not, and I don't care who owns it. It's a mediocrity not worth defending.
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