InBev purchases Anheuser-Busch

[MizzouRah]

Wow.. after following this for the last few weeks, InBev finally makes an offer AB shareholders could not refuse.

I wonder how many jobs people will lose here in St. Louis?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFeprSPTUVFk&refer=home

[Flasch186]

apparently part of the ease in negotiations or agreement was that they stated that they would keep ST. Louis as their N. American HQ and the Budweiser brand would be adopted as the flagship for Inbev's company. Gotta love that weak dollar (which should get weaker after the fed bails out some companys in tthe next few weeks [contraflasch])

[DaddyTorgo]

hadta say that with the way inbev kept upping their offer you had to pretty much see this coming though. sad.

[WSR]

Damn. A friend of mine retired from AB and he told me that many of the retirees are concerned for their pensions and medical coverage if this sale went through.

[DaddyTorgo]

Damn. A friend of mine retired from AB and he told me that many of the retirees are concerned for their pensions and medical coverage if this sale went through.

pretty sure that they can't default on the outstanding pension liabilities.

[Subby]

Wonder how much Berkshire Hathaway made on that sale...

[Greyroofoo]

I think I'll stick with Miller

[primelord]

apparently part of the ease in negotiations or agreement was that they stated that they would keep ST. Louis as their N. American HQ and the Budweiser brand would be adopted as the flagship for Inbev's company. Gotta love that weak dollar (which should get weaker after the fed bails out some companys in tthe next few weeks [contraflasch])

Even if that is the case, InBev paid roughly 4 billion dollars more than they planned. That money has to be made up somewhere. They may be planning to keep an HQ here in St. Louis, but it seems highly unlikely it will be anywhere near the scale that it currently is.

[sterlingice]

:(

SI

[Logan]

Even if that is the case, InBev paid roughly 4 billion dollars more than they planned. That money has to be made up somewhere. They may be planning to keep an HQ here in St. Louis, but it seems highly unlikely it will be anywhere near the scale that it currently is.

You say this due to what their opening offer was?

[Logan]

I think I'll stick with Miller

You mean South African Breweries?

[MrBug708]

Maybe the beer will better?

[MizzouRah]

Even if that is the case, InBev paid roughly 4 billion dollars more than they planned. That money has to be made up somewhere. They may be planning to keep an HQ here in St. Louis, but it seems highly unlikely it will be anywhere near the scale that it currently is.

Agreed.

I wonder what will happen to all the charities and local support AB grants money to?

[DanGarion]

I think I'll stick with Miller

You mean Miller Coors?

[JeeberD]

Maybe the beer will better?

Amen

[Dr. Sak]

A few years ago Anheuser-Busch bought out Rolling Rock and moved them out of Latrobe, PA. It cost a lot of people in that town their jobs and the town almost went under. I'm sure St. Louis will survive a bit better than Latrobe.

[Logan]

You mean Miller Coors?

Like I said a couple posts up...Miller was bought by SAB and Coors is part of Molson now. Which means our three most prominent American beers are owned by Belgium, Canada, and South Africa. Maybe this leads to us finally invading Canada to take our shit back?

[Subby]

Maybe the three most prominent American beers taste like ass and this might just be the best outcome for everyone?

Drink Shiner!

[Dr. Sak]

Like I said a couple posts up...Miller was bought by SAB and Coors is part of Molson now. Which means our three most prominent American beers are owned by Belgium, Canada, and South Africa. Maybe this leads to us finally invading Canada to take our shit back?

I thought Canada was already the 51st state?

[Logan]

Maybe the three most prominent American beers taste like ass and this might just be the best outcome for everyone?

Drink Shiner!

While that would be great, I'm sure 99.9% of the beer-drinking population have no idea that their Miller and Coors beers have been made by someone else because it tastes no different.

[Logan]

I thought Canada was already the 51st state?

I thought that was North Florida or some shit?

[finketr]

if this means we can get more of the belgian beers that inbev currently owns, hooray.

[RomaGoth]

I thought Canada was already the 51st state?

Except for the province of Quebec......

[JeeberD]

Maybe the three most prominent American beers taste like ass and this might just be the best outcome for everyone?

Drink Shiner!

Amen (on both points)

[gstelmack]

I thought that was North Florida or some shit?

Get it straight: North Montana

(bonus points for the name of the movie...)

[Greyroofoo]

You mean South African Breweries?

Sam Adams maybe?

[MrBug708]

Like I said a couple posts up...Miller was bought by SAB and Coors is part of Molson now. Which means our three most prominent American beers are owned by Belgium, Canada, and South Africa. Maybe this leads to us finally invading Canada to take our shit back?

Oils is worth going to war over.

Coors?

Not so much

[headtrauma]

Maybe the three most prominent American beers taste like ass and this might just be the best outcome for everyone?

Drink Shiner!

They sell Shiner in Virginia? Cool.

[CraigSca]

So, what's the largest American brewer now? I was looking via Google but couldn't find it anywhere.

[Dr. Sak]

Who owns Yuengling?

[Logan]

Family owned I believe.

[molson]

So, what's the largest American brewer now? I was looking via Google but couldn't find it anywhere.

Boston Beer Company says wiki.

http://en.wikipedia.org/wiki/Boston_Beer_Company

Correction - Pabst is actually now the largest American owned "brewing company", though they don't actually own a brewery.

[ISiddiqui]

As well it should be!

At least they make good beer unlike the companies we've offloaded on the furriners! MWAHAHA!

[kurtism]

KSK breaks down the Bud sale: http://kissingsuzykolber.uproxx.com/2008/07/ksk-presents-waffled-the-belgian-invasion-of-the-american-beertatorship.html

[Galaxy]

http://www.chicagotribune.com/business/chi-millercoors-chicago-hq-jul16,0,4213102.story

[path12]

if this means we can get more of the belgian beers that inbev currently owns, hooray.

Agreed.

[DanGarion]

Like I said a couple posts up...Miller was bought by SAB and Coors is part of Molson now. Which means our three most prominent American beers are owned by Belgium, Canada, and South Africa. Maybe this leads to us finally invading Canada to take our shit back?
Huh? Miller and Coors are the same company....

[Galaxy]

Huh? Miller and Coors are the same company....

I believe that it is a joint venture for the US only.

[Logan]

Yes, the official companies are SABMiller and MolsonCoors.

[Crapshoot]

Wait, people drink Budweiser? Voluntarily?

[KWhit]

Nah, just Bud Select.

[korme]

Wait, people drink Budweiser? Voluntarily?

You aren't a man if you don't enjoy putting down Bud Heavy's every once in a while.

[mrsimperless]

Although I hate to see a great American institution such as A-B get taken over by a foreign company this may be a new boon for our craft beer industry which is already doing great.

[molson]

Although I hate to see a great American institution such as A-B get taken over by a foreign company this may be a new boon for our craft beer industry which is already doing great.

It's amazing how much the beer landscape has changed in the last 10-20 years. We really are in a golden age of beer.

[albionmoonlight]

You aren't a man if you don't enjoy putting down Bud Heavy's every once in a while.

God is, by most definitions, perfect. But sometimes I think that God erred when he gave man the apostrophe. Clearly we have yet to manage, or even begin to understand, its awesome power.

[albionmoonlight]

http://www.theonion.com/content/files/images/KellyAnheuserBusch.jpg

[ISiddiqui]

LOL... though some morons may actually think that Belgians can't make beer.

[Honolulu_Blue]

LOL... though some morons may actually think that Belgians can't make beer.

No shit. Belgians don't much right. At all. They can't even govern themselves. But they excel at making beer, waffles, and frites. Pretty good at the whole chocolate thing too.

There's a pretty steep decline after those things...

[Critch]

"Man Bites Dog" is a pretty nifty Belgian movie. It's in foreign and it's got subtitles, but it's pretty good.

Hercule Poirot was Belgian too, so they're good at fictional detectives too. And cyclists.

[JeeberD]

Belgian beer, for the most part, is fucking awesome.

[ISiddiqui]

No shit. Belgians don't much right. At all. They can't even govern themselves. But they excel at making beer, waffles, and frites. Pretty good at the whole chocolate thing too.

There's a pretty steep decline after those things...

Wait.... what else do you need?