Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 13, 2008 3:38:20 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

Budweiser to Reject InBev Offer

Posted Jun 25, 08 7:00 PM CDT in Business 

(Newser) – Anheuser-Busch plans to reject Belgian brewer InBev's $46 billion offer to buy the company, the Wall Street Journal reports. The decision is not expected to deter InBev, however, which could launch a hostile takeover bid, the Journal notes. InBev wants to acquire the St. Louis brewer—the maker of Budweiser—to create the world's largest beer maker.

Anheuser is expected to make its position known in the next few days, arguing that the price is too low and that it intends to go on an intensive campaign to cut costs and make its operations more efficient. That could entail selling its theme-park subsidiary. InBev now must decide whether to go directly to shareholders.

Source Wall Street Journal

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • PepsiCo Offers $1M for Winning Super Bowl Ad

    Sep 24, 08 11:25 AM CDT
    PepsiCo is aiming to grab Budweiser's crown as king of the Super Bowl ads with a contest offering $1 million to anyone who can create a Doritos ad that tops viewer ratings during the game, the Wall Street Journal reports. The company hopes the cash prize will put a fresh spin on the consumer-generated ad concept and give it the edge in pre-game hype.
    More »

  • Chinese Beer to Dethrone Bud Light

    Sep 11, 08 1:56 PM CDT
    Chinese Beer to Dethrone Bud Light A Chinese favorite may have replaced Bud Light as the world’s best-selling beer, without selling a single keg outside of China, the Wall Street Journal reports. One research firm says 1.35 billion gallons of Snow Beer were consumed last year to 48.4 million of Bud Light, while another says the US brand holds a 1.37 billion-1.35 billion edge. More »

  • Tastes Great or Less Filling? Old Ad Slogan Coming Back

    Aug 20, 08 7:35 PM CDT
    Tastes Great or Less Filling? Old Ad Slogan Coming Back Does it taste great, or is it less filling? Miller Lite drinkers can have it both ways, the Chicago Tribune reports: The beer’s 30-year-old slogan “Great taste, less filling” is being resurrected for a fall advertising campaign coming to a TV, radio, and store near you. Parent company MillerCoors is trying to unseat light-beer king Anheuser-Busch. More »

  • 'King of Beers' Gets a Taste of Own Medicine

    Jul 17, 08 2:40 PM CDT
    'King of Beers' Gets a Taste of Own Medicine Anyone who thinks InBev’s buyout of Budweiser represents the end of American beer needs a history lesson, writes Edward McClelland in Salon. Budweiser became the “King of Beers” by killing every other heir to the throne. In 1960, America had 175 traditional, regional breweries, making lagers just like Bud. Anheuser-Busch systematically crushed them all, through its distribution and marketing might. More »

  • Anheuser-Busch: The Deal That Sleeps With the Fishes

    Jul 17, 08 11:40 AM CDT
    Anheuser-Busch: The Deal That Sleeps With the Fishes Anyone mourning the takeover of Anheuser Busch by Belgium's InBev might want to know that the real turning point in that battle occurred more than a decade ago. On a fishing trip. In Mexico. The last real chance to outmaneuver InBev was lost when the US brewer failed to get a controlling stake in Mexico’s Grupo Modelo, writes David Kesmodel in the Wall Street Journal. And chances for that, say industry sources, vanished when former A-B CEO August Busch III decided to take a call instead of landing a humongous marlin. More »

In this file photo, a Budweiser sign is seen atop one of the buildings at the Anheuser-Busch brewery in St. Louis.   (AP Photo/Jeff Roberson, file)
Anheuser-Busch Cos. beers Budweiser and Bud Light are on tap Friday, June 13, 2008, at Hammerstone's bar in St. Louis.   (AP Photo/Whitney Curtis)
Anheuser-Busch Cos. beers Budweiser and Bud Light are on tap Friday, June 13, 2008, at Hammerstone's bar in St. Louis.   (AP Photo/Whitney Curtis)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

Threads (
1
 of 3)

Tags

beer  • Anheuser-Busch  • hostile takeover  • Budweiser  • InBev


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »