Thursday, June 12, 2008

I approve

A bitter battle for control of Anheuser-Busch appears to be looming after the brewer, one of the nation’s most prominent family-run companies, formally became the target of a $46.4 billion unsolicited takeover offer from InBev of Belgium on Wednesday.

But InBev’s bid to take control of Anheuser-Busch, which has been led by the Anheuser and Busch families for 148 years, could get nasty. The St. Louis-based company, led by a scion of the Busch family, August A. Busch IV, has signaled that it will fight a takeover.

In recent weeks, in anticipation of InBev’s bid, privately called Project Aluminum, Anheuser-Busch has hired an army of bankers, lawyers and other advisers to help it mount a defense, The New York Times reported.

- NYT


Normally when a foreign company buys an iconic American brand or building (supposedly a Saudi company is looking to buy the Chrysler Building) it's a little troubling.

But, jeezus, Bud is some bad beer. Of course, American beer in general is pretty much scorned throughout the world with its weak, watery taste.

Only in the last several years have some micro breweries come along and held up the flag. But Bud and all the big national brands are pretty poor excuses for brew. So I say let this takeover happen. Thank you.

1 comment:

marcus said...

A Belgian beer company? They might actually make it taste decent!! lol

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