Follow us on...
Follow us on Twitter Follow us on Facebook Watch us on YouTube
Register
Page 1 of 3 123 LastLast
Results 1 to 15 of 44
  1. #1
    Eruption
    Join Date
    01.26.04
    Posts
    1,291
    Last Online

    01.12.11 @ 05:00 PM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default Belgian Company InBev Buys Anheuser-Busch

    This fucking sucks! America is being sold off by the yard to foreign companies. The very financial carpet of America is being pulled out from under us while our politicians argue over petty bullshit.

    This one hit pretty close to home. I live 90 minutes from Saint Louis, and this is a huge blow to everyone I know. I can only imagine what the people in Saint Louis are feeling like. Saint Louis has been so loyal to the Anheuser-Busch company. When Sammy Hagar last played there, he dissed Budweiser and promoted his new Miller product, and Saint Louisans came unglued on him. Even though Saint Louis gave the Red Rocker his name, its citizens were more loyal to Anheuser-Busch than they were to Sammy. Hell, the company employs over 6,000 Saint Louisans. Now the 13 derelict board members vote to sell an American icon to foreigners that is more a part of the fabric of Saint Louis than the fucking Gateway Arch! Damn traitors!!! They should be taken down to Laclede's Landing and hanged, and dumped in the Mississippi river!!!

    What will get sold off next?

    CNN.com - 10:43 p.m. EDT, Sunday, July 13, 2008

    ST. LOUIS, Missouri (AP) -- Anheuser-Busch agreed to be acquired by Belgian brewer InBev for about $52 billion in a deal that would shift ownership of the nation's largest brewer overseas, The Wall Street Journal reported Sunday.


    The deal would create the world's largest brewer and put the U.S. beer-maker in the hands of Belgian-based InBev.

    The deal, which is subject to shareholders' and regulators' approval, would create the world's largest brewer and create the fourth-largest consumer product company worldwide. The newspaper cited anonymous sources who said Anheuser-Busch-InBev would be the new company's name and Anheuser would have two seats on the board.

    Anheuser-Busch Cos. Inc. did not return messages seeking comment Sunday evening.

    The newspaper said the deal was for $70 a share, a $5 increase over the offer Anheuser-Busch rejected in June.

    InBev, the maker of Stella Artois and Becks, is the world's second-largest beer-maker behind SABMiller. Anheuser-Busch is by far the largest brewer in the U.S. with more than 48 percent of the market share.

    It wasn't immediately clear how long approval might take from regulators and shareholders. Several Missouri politicians have expressed concerns about the merger -- especially how it would affect the approximate 6,000 people employed by Anheuser-Busch in St. Louis.

    Don't Miss
    Anheuser-Busch Companies
    InBev
    Save Budweiser.Com
    SaveAB.com
    InBev has said it plans to use St. Louis as its North American headquarters, and that it will keep open all 12 of Anheuser-Busch's North American breweries. Watch InBev CEO Carlos Brito discuss what the sale means »

    InBev SA announced its intent to try and purchase Anheuser-Busch on June 11. The Anheuser-Busch board initially voted against the merger, calling the initial $65 per share offer too low.

    That prompted much squabbling between the companies over the past few weeks. InBev filed a motion seeking the removal of all 13 Anheuser-Busch board members; Anheuser-Busch filed suit calling the InBev effort an "illegal scheme" that threatened to defraud Anheuser-Busch shareholders. Among other things, the suit noted that InBev failed to disclose it operates a brewery in Cuba.

    So it was with some surprise when reports surfaced on Friday that the two companies were sitting down for merger talks, reportedly after InBev upped its offer by $5 to $70 per share.

    The merger, if completed, will bring to an end one of the most iconic names in U.S. business and a name synonymous with St. Louis. From college buildings to offices to the stadium where the Cardinals play, the Busch name is virtually everywhere in the Gateway City.

    Eberhard Anheuser acquired the Bavarian brewery in 1860 and renamed it E. Anheuser & Co. His son-in-law, Adolphus Busch, joined the company in 1864 and it was eventually renamed Anheuser-Busch.

    The company survived Prohibition by selling products ranging from ice cream to root beer.

    In addition to opposition from politicians and civic leaders, at least two Web sites sprung up opposing the merger. SaveBudweiser.com claims to have more than 60,000 signatures from merger opponents. SaveAB.com hosted a recent anti-merger rally that drew hundreds to downtown St. Louis.

    InBev has not said if layoffs will occur as a result of the merger. But some cutbacks seem likely.

    Even without the merger, Anheuser-Busch said last month it planned to cut pension and health benefits for salaried employees as part of an effort to slash $1 billion in costs by the end of 2010. The plan called for offering early retirement to 1,300 salaried workers 55 and older.


    The cost-cutting effort -- dubbed "Blue Ocean" by the company -- was part of a strategy to fend off the merger.

    The beer industry has been consolidating in recent years amid rising costs for transportation fuel and key ingredients.
    Last edited by VanHalenRocks; 07.13.08 at 10:28 PM.

  2. #2
    Eruption
    Join Date
    01.26.04
    Posts
    1,291
    Last Online

    01.12.11 @ 05:00 PM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    Anyone else hearing a giant sucking sound? Where is Ross perot when we need him?

    SmartMoney.com - Published: June 18, 2008

    Foreign Investors Eyeing American Icons?

    HERE WE GO again. Worries about foreign investment in the U.S. are rising anew. This time, however, the concerns are both that investors will snap up too many American investments — and not enough.

    The matter divides on which investments. Investors abroad with their coffers bulging with dollars are welcome to spend them on U.S. debt securities, such as Treasuries, agencies and corporate bonds. And their willingness to come to the rescue of American banks and brokers with equity infusions in times of need is helpful indeed, even if it has aroused wariness in some quarters.

    But when it comes to foreign investors wanting to buy up iconic American real estate or companies, that's another thing altogether. It's one thing for them to buy our IOUs; we want to hang onto the family jewels.

    So much for the presumed rationality of free markets. Paper is OK for overseas investors to buy, but not rock (real estate) or scissors (a metaphor for machinery, the capital equipment for corporations.)

    The U.S. ought to be welcoming foreign capital inflows with open arms because, by definition, it's needed to balance our international books. The current account deficit is running at about 5% of gross domestic product, which essentially means the U.S. spends about $1.05 for every dollar it earns. (Alternatively, domestic savings equal about 95 cents for dollar that's invested in the economy.) Foreign capital has to make up the difference. That's not some high-minded theory; it's basic double-entry accounting.

    These current-account gaps are filled with foreign capital inflows, mainly in the form of purchases of U.S. securities from abroad. So news of an unexpected uptick in foreign buying of long-term U.S. securities in April was welcome news from the Treasury Monday.

    Those securities purchases jumped to $104.8 billion in the month (the most recent for which data are available) from $78.6 billion in March, which was in line with the trend of the previous two months.

    Net capital flows — which include short-term instruments and bank liabilities —totaled $60.6 billion in April, a marked reversal from a $48.7 billion outflow in March. Money fled the country that month, which saw the Bear Stearns debacle. In April, the net inflows were roughly evenly divided between private inflows and foreign official inflows, mainly central banks.

    Looking over a more relevant span of the latest 12 months, capital inflows have totaled $464.3 billion, of which $168.5 billion was private and $295.9 billion was official sources. That's down markedly from $821.2 billion in the 12 months to April 2007, when private sources totaled $623.9 billion and official sources were only $197.3 billion. And that deterioration has come despite a marked slowing in Americans' purchases of foreign securities this year, including the sale of $10.3 billion in April.

    That means that securities purchases are falling short of the current account shortfall, in contrast to a year ago when they handily covered the deficit.

    So, the gap still has to be filled. And with foreign investors seemingly less enthusiastic to take on more U.S. paper, they are looking to buy up high-profile American companies and buildings.

    In New York City alone, various reports say iconic office buildings such as the Chrysler Building and the Flatiron building may be sold to foreign investors looking to put their cheap and falling dollars to work. That would follow the purchase of the General Motors building for a record-breaking $2.8 billion to Boston Properties backed by investors from Dubai, Kuwait and Qatar.

    According to the Wall Street Journal, a 75% stake in the Chrysler Building, one of the outstanding examples of Art Deco, could be sold to Abu Dhabi's sovereign wealth fund for $800 million.

    That Flatiron Building, the 1902 structure named for its distinctive triangular shape, could have a majority stake sold to Valter Mainetti, an Italian property investor.

    Meanwhile, Belgian brewer InBev is making a $46.35 billion unsolicited cash offer for Anheuser-Busch (BUD: 66.50, +5.29, +8.64%), which has elicited howls of protest over the prospect that the largest American brewer falling into foreign hands, following in the path of SABMiller and Molson Coors. And CSX (CSX: 60.62, +0.71, +1.18%) is trying to fend off a proxy fight led by The Children's Investment Fund, a U.K. hedge fund.

    While the particulars may differ, the various degrees of outrage over foreign investors seeking to acquire U.S. assets bring a sense of déjà vu. Only a few years, there were the flaps over Dubai acquiring U.S. port properties and CNOOC buying Unocal.

    And in the late 1980s, American xenophobes were aghast when Japanese investors bought Rockefeller Center. That proved to be the top of the real estate market for that cycle.

    It is clear that investors abroad have less appetite for U.S. paper investments, especially as many of them were among those most severely burned in the American mortgage meltdown. U.S. underwriters wrapped all manner of dodgy loans in packages with complex (or incomprehensible) structures that somehow got triple-A ratings. We know how that's turned out.

    So, it's understandable how foreign investors might want to put their dollars into something a bit more substantial and tangible, like America's biggest brewer or New York's iconic office buildings. That there are objections to that is a bit unfair, BlackRock CEO Lawrence Fink observed last week, given that the U.S. is the world's biggest foreign investor.

    Be that as it may, resistance to foreign investment may be rising just when America needs it most. And that would hurt prospective buyers and sellers alike.
    Last edited by VanHalenRocks; 07.13.08 at 10:25 PM.

  3. #3
    Atomic Punk Little Dreamer's Avatar
    Join Date
    12.25.99
    Age
    45
    Location
    Pasadena, CA, USA
    Posts
    8,944
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    Hear About It Later
    Last Online

    12.15.17 @ 11:35 PM
    Likes
    1,014
    Liked 1,390 Times in 763 Posts

    Default

    Dude, did you read your own post? It's not being bought by Tsing Tao beer, but by a BELGIAN company. As in Belgium, Europe (not in Asia). Where beer was invented.
    And if you've ever compared the taste of a Beck and a Bud, well, let me just say we're in for a MAJOR improvement, taste-wise.
    Little Dreamer

  4. #4
    Eruption
    Join Date
    01.26.04
    Posts
    1,291
    Last Online

    01.12.11 @ 05:00 PM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    Quote Originally Posted by Little Dreamer View Post
    Dude, did you read your own post? It's not being bought by Tsing Tao beer, but by a BELGIAN company. As in Belgium, Europe (not in Asia).
    WTF? What part of "Belgian Company InBev Buys Anheuser-Busch" did you miss?


  5. #5
    Baluchitherium mistere's Avatar
    Join Date
    05.31.02
    Location
    Bangkok
    Posts
    5,364
    Favorite VH Album

    Fair Women Down
    Favorite VH Song

    Chicken Feet for Breakfast
    Last Online

    07.11.09 @ 03:27 AM
    Likes
    0
    Liked 1 Time in 1 Post

    Default

    Dreamer beat me to it, but on the plus side, it can only mean good things for
    the taste.

  6. #6
    Top Of The World adamhlava's Avatar
    Join Date
    04.25.08
    Posts
    182
    Favorite VH Album

    Women and Children First
    Favorite VH Song

    I'm the One
    Last Online

    04.27.12 @ 07:45 PM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    They won't mess with the formula. They want to keep their sales as strong as before. Too many pissed off rednecks and 16 year-olds that don't know any better would jump ship if they screwed with the pisswater taste of Bud.
    "Yeah, "Panama" is a pretty sexy song; I always thought that song should’ve been sung by a girl; now ya got Sammy Hagar. Any questions?"

  7. #7
    Good Enough Ace Ventura's Avatar
    Join Date
    01.07.04
    Age
    47
    Location
    New Hampshire
    Posts
    2,013
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    So this is love?
    Last Online

    01.01.13 @ 04:06 PM
    Likes
    0
    Liked 1 Time in 1 Post

    Default

    Quote Originally Posted by VanHalenRocks View Post
    The very financial carpet of America is being pulled out from under us...

    Saint Louis has been so loyal to the Anheuser-Busch company.

    On point #1, the "financial carpet" is not being "pulled out from under us". The infrastructure of the Anhauser Bush Company will not, I repeat, will not change. The only difference is that investors, not owners, have made a change in who has controlling interest in the company. There will be no move, no layoffs, no retirement payouts, (despite the second to last sentence in the article stating that A.B. were to offer early retirement to 1,300 workers who are 55 and older. This was BEFORE the merger that was to take place at $65.00/share. The new $70.00 per share deal I’m sure would be somewhat of a catalyst for those who fall within that age bracket to retire early) ...the company, from a financial perspective, will not change.

    On point #2, Anhauser Bush has been loyal to St. Louis as well, (In fact, InBev says St. Louis will become its headquarters. More than likely ADDING more jobs at that location.), and Merrimack, NH and every other city that has a brewery operation under A.B.'s umbrella. There have never been layoffs, shutdowns or forced cutbacks on the part of Anhauser Bush. Loyalty would only come into question if A.B. suddenly decided to pull out of any one of these cities for cheaper labor purposes.
    "It doesn't mean that much to me to mean that much to you..." -Neil Young

    "The sun's not yellow, it's chicken." -Bob Dylan

    "If you go out and buy a Van Halen record and put it in your collection, it'll melt your other records." -David Lee Roth, 1981.

    Guy of Gisborne: Why a spoon, cousin? Why not an axe?
    Sheriff of Nottingham: Because it's DULL, you twit!!! It'll HURT MORE!!!

  8. #8
    Eruption Gypsy King's Avatar
    Join Date
    03.21.07
    Age
    46
    Location
    Severna Park, MD
    Posts
    857
    Favorite VH Album

    1984
    Favorite VH Song

    Girl Gone Bad
    Last Online

    12.16.17 @ 06:28 PM
    Likes
    330
    Liked 44 Times in 27 Posts

    Default

    Anheuser-Busch will be fine. The forumla will stay the same.

    As for speculation, look for "Bud Lambic" in the future.

  9. #9
    Good Enough wham bam will rock's Avatar
    Join Date
    01.30.02
    Location
    Hell and beyond
    Posts
    2,261
    Favorite VH Album

    Bark Like A Dog
    Favorite VH Song

    Act Like It Hurts
    Last Online

    06.26.17 @ 04:51 PM
    Likes
    1,264
    Liked 643 Times in 328 Posts

    Butt-weiser sucks!!!! Let the waffle eaters have it. In fact, take it out of our country and don't import it back to us.
    "Never is just reven spelled backwards." -House

    "Did I listen to pop music because I was miserable or was I miserable because I listened to pop music?" -THE Rob Gordon

  10. #10
    Atomic Punk Viking's Avatar
    Join Date
    02.21.03
    Age
    52
    Location
    Mound Valley, Kansas
    Posts
    9,045
    Favorite VH Album

    5150, Fair Warning
    Favorite VH Song

    Dance The Night Away, Dreams
    Last Online

    12.14.17 @ 03:26 PM
    Likes
    39
    Liked 34 Times in 10 Posts

    Default

    I'll stick to my Coors Light, thank you!
    "Viking - last to sleep, first to rise, last to leave, that's how the Nords of old rocked the house." ~ timmac in the 'Texas Linkers' thread talking about yours truly. :-)

  11. #11
    Atomic Punk ZeoBandit's Avatar
    Join Date
    01.29.02
    Age
    41
    Location
    Chicago
    Posts
    17,830
    Favorite VH Album

    F.U.C.K.
    Favorite VH Song

    Humans Being
    Last Online

    12.14.17 @ 05:57 AM
    Likes
    54
    Liked 40 Times in 29 Posts


    Donor

    Default

    Bye bye Busch Stadium. Hello InBev Field.

    "What we are dealing with here, is a complete lack of respect for the law" - Jackie Gleason, Smokey and the Bandit

    www.geocaching.com - The site where you are the search engine.

  12. #12
    Eruption
    Join Date
    01.26.04
    Posts
    1,291
    Last Online

    01.12.11 @ 05:00 PM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    Wow - only one person so far who gives a damn that another huge American icon is being sold to foreign investors. Are you guys the board members of Anheuser-Busch or what the fuck? What will it take to get you guys upset about stuff like this... when we sell off the Statue Of Liberty? With this mentality, China will end up owning 80% of the USA, and people won't even give a damn.

    Why do you think the price of gas is so high? It's because American complacency has allowed WalMart to ship all of our wealth to China, and now people who never drove before are buying new cars - at the rate of 28,000 per day.

    I hope you guys have your resumes updated... and translated to Belgian and Chinese for your future employers. Here's a link to the Google Translator - you'll probably need it:

    http://translate.google.com/translate_t

  13. #13
    Baluchitherium hatchetforce's Avatar
    Join Date
    01.03.02
    Age
    52
    Location
    Marblehead, Mass.
    Posts
    5,288
    Favorite VH Album

    Fair Warning
    Favorite VH Song

    Hear About It Later
    Last Online

    11.27.15 @ 03:34 PM
    Likes
    0
    Liked 65 Times in 42 Posts


    Donor

    Default



    © Lo-Pan Rockwell

    . . . . .
    "The eagle lands at midnight: bacon burger ice cube over" ~ jetguy5150

  14. #14
    Unchained Stidham's Avatar
    Join Date
    01.09.01
    Age
    53
    Location
    Fairview Heights,IL,USA
    Posts
    541
    Favorite VH Album

    F.U.C.K.
    Favorite VH Song

    Once, Cathedral, Poundcake
    Last Online

    10.11.14 @ 03:02 AM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    Quote Originally Posted by Ace Ventura View Post
    There have never been layoffs, shutdowns or forced cutbacks on the part of Anhauser Bush.

    Are you 100% sure of that fact. I know some folks in their IT dept, who would probably like to argue that fact. I know for a fact that they use a lot of contingent workers. (Contractors). So when they say they've never had a layoff, that's a little misleading.
    Ladies and gentlemen, hobos and tramps, Cross-eyed mosquitoes and bowlegged ants; I'm here before you to stand behind you To tell you something I know nothing about... ~Sammy Hagar

    http://tickers.TickerFactory.com/ezt...LSe/weight.png

  15. #15
    Banned! i1sum2!'s Avatar
    Join Date
    02.02.06
    Location
    at the Bunny Ranch
    Posts
    1,871
    Favorite VH Album

    Van Halen, Fair Warning, WACF
    Favorite VH Song

    Everybody Wants Some
    Last Online

    01.21.12 @ 03:56 PM
    Likes
    0
    Liked 0 Times in 0 Posts

    Default

    Quote Originally Posted by adamhlava View Post
    They won't mess with the formula. They want to keep their sales as strong as before. Too many pissed off rednecks and 16 year-olds that don't know any better would jump ship if they screwed with the pisswater taste of Bud.
    Agreed. You don't change something that has success. It'll still taste the same as before. I don't agree with allowing a foreign country buying one of the last remaining identifiable brands that America has though. I'm still not sure what the pros and cons are regarding this buyout. Usually, a new buyer will clean house, and fire a bunch of people. The workers who've been there for years may also walk out simply because they don't like the new buyer and their policies.

    Quote Originally Posted by Viking View Post
    I'll stick to my Coors Light, thank you!
    As much shit as Budweiser gets, I'd still take it over a Coor's anyday. Coor's Light is almost like water imo. Rocky Mountain donkey water. No offense to you though Viking, just not for me.

 

 

Similar Threads

  1. 2007 Nascar Nextel, Busch, Craftsman Truck Thread
    By fast98dodge in forum Play Ball!
    Replies: 1316
    Last Post: 12.29.07, 06:10 PM
  2. Sammy buys into Indycar team
    By vhracer28 in forum The Red Rocker
    Replies: 11
    Last Post: 01.15.07, 09:54 AM
  3. 2006 Nascar Nextel, Busch, Craftsman Truck Thread
    By fast98dodge in forum Play Ball!
    Replies: 1469
    Last Post: 12.20.06, 01:26 PM
  4. Anheuser-Busch to introduce berry flavored beer
    By Scotty in forum VH Fans Meeting Place (Non-Music)
    Replies: 28
    Last Post: 01.29.05, 10:13 AM
  5. New Date Announced...Atlanta, August 4, Hifi Buys
    By charlie in forum "Song For Song" Tour 2002
    Replies: 0
    Last Post: 06.10.02, 11:48 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •