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Old 07-14-2008, 03:29 AM
 
Location: Tennessee
28,699 posts, read 48,820,089 times
Reputation: 20492

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ST. LOUIS, Missouri (AP) -- Belgian brewer InBev has announced it will buy its U.S. rival Anheuser-Busch for $52 billion to create the world's largest brewer.

InBev to buy Anheuser-Busch for $52B - CNN.com (http://www.cnn.com/2008/US/07/14/anheuser.inbev.ap/index.html - broken link)
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Old 07-14-2008, 04:36 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,337,229 times
Reputation: 3816
This is just the beginning. If we don't get the value of our currency up Americans will not own any American companies.

I can't believe that we lost this cash cow to another country. I personally am not a fan of Bud but I am clearly in the minority. Bud has so many loyal American fans who are true Red, White, and Blue. I wonder how they are going to take this news.

The old song "Baseball, Hot Dogs, Apple Pie and Chevrolet" should have been amended to "Baseball, Hot Dogs, Apple Pie, Chevrolet and an Ice Cold Bud!"

If they sell my Sam Adams then it's time to throw in the towel!

BTW, It probably won't be much longer before Chevrolet is no longer an American company either.
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Old 07-14-2008, 05:03 AM
 
655 posts, read 758,820 times
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Throw the airlines in there too. Have you seen the price of airlines today? Heck, you can buy Alaska air in full via a hostile takeover for less then half the cash they got in the bank, based on their current stock price.. Buy all the shares, dump the airline and run with their cash!!! You double your money over night.
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Old 07-14-2008, 06:14 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,337,229 times
Reputation: 3816
Quote:
Originally Posted by travelmate38 View Post
Throw the airlines in there too. Have you seen the price of airlines today? Heck, you can buy Alaska air in full via a hostile takeover for less then half the cash they got in the bank, based on their current stock price.. Buy all the shares, dump the airline and run with their cash!!! You double your money over night.
Oh yeah. Lest I forget. Airlines and our auto industry. Eek!

Check out my post on the Big 3 on my blog.

Bob's Blog (http://bob4bristol.blogspot.com/ - broken link)
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Old 07-14-2008, 07:31 PM
 
339 posts, read 1,404,887 times
Reputation: 239
Quote:
Originally Posted by Lincolnian View Post
This is just the beginning. If we don't get the value of our currency up Americans will not own any American companies.

I can't believe that we lost this cash cow to another country. I personally am not a fan of Bud but I am clearly in the minority. Bud has so many loyal American fans who are true Red, White, and Blue. I wonder how they are going to take this news.

Yeah, saw some news coverage of this earlier with people's comments who were not taking it well. I think the really sad thing is that these same people probably don't understand that this is very likely only the beginning like you said.
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Old 07-14-2008, 07:35 PM
 
Location: Great State of Texas
86,068 posts, read 74,813,660 times
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There will be very little left of the US that is actually owned by the US when all this is said and done
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Old 07-14-2008, 11:37 PM
 
Location: RSM
5,113 posts, read 17,806,903 times
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kind of sad really. as a former AB employee it will be sad to see all the crap that comes with a buyout(layoffs, plant closures, etc). bud has a very efficient business model and runs a tight ship, but in this day and age where every quarter needs double digit gains, noone gives a crap about that. our economic system is beyond screwed up from market speculation and it will only drive more companies to buckle to overseas pressure with our money devalued as it is
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Old 07-15-2008, 04:13 AM
 
Location: Central CT, sometimes NH.
3,605 posts, read 5,337,229 times
Reputation: 3816
Quote:
Originally Posted by bhcompy View Post
kind of sad really. as a former AB employee it will be sad to see all the crap that comes with a buyout(layoffs, plant closures, etc). bud has a very efficient business model and runs a tight ship, but in this day and age where every quarter needs double digit gains, noone gives a crap about that. our economic system is beyond screwed up from market speculation and it will only drive more companies to buckle to overseas pressure with our money devalued as it is
The ironic thing is that the very unions that are demonized here would never let that happen over in Europe.

Other countries are very much aware of the importance of keeping labor in their business models. Whether it be Europe, Asia, or South America any business decisions will likely look carefully at minimizing labor loses in the home country while sacrificing the labor at their newly acquired US assets.
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