So it seems Anheuser-Bush has rejected InBev’s proposal for a buy-out at USD $65.00 a share because Anheuser-Bush believes they can “do better” in the market alone. After several days of meetings and internal talk the company thinks their own products are worth more, over time, than the purchase price and can get their share price up alone.
Having seen Anheuser-Bush in the market it’s hard to prove them wrong, in a time when many microbrews are paying more and more for hops and barley Anheuser-Bush is pushing on with a low cost brew, varying product lines and lite beer alternatives.
From an American consumer side of things, this means the company will stay an American based facility and hold all that American pride and heritage so many people feared we’d lose. On June 26th Anheuser-Bush went on to say:
“The InBev proposal fails to be competitive with alternative plans the company has developed in recent months to generate significant top-line and bottom-line growth, which will increase value for the company’s shareholders,” said Douglas A. Warner III, the board’s lead independent director. “The board will continue to consider all opportunities that build shareholder value.” (anheuser-bush.com)
Now, they’ll have to put their money where their mouth is or potentially deal with a hostile take-over attempt by InBev if they so choose to take the hostile route.
I wonder if any “plans” at Anheuser-Bush involve taking over Grupo Modelo, the Mexican beer company most known for Negra Modelo, Pacifico and Corona…
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Anheuser-Busch Sells to InBev For $52 Billion | Everyday Drinkers
July 13, 2008 at 11:20 pm[…] Originally Anhesuer-Busch declined their offer, but today that has all changed. Congradulations to Anheuser-Busch but we’re very sad to see you go into the hands of a foreign owner once again. Given the original owner was European it’s ironic the new buyer came from the “Old World” once again. […]