According to a CNN article, it looks like InBev has acquired Anheuser-Busch.
I suppose it won't make a huge difference, as they will continue brewing here in St. Louis, but it'll mean less money going into the local economy (or so I've been told), and it somehow feels like we're losing a small (OK, not so small...) piece of our heritage.
I'm guessing it was hard for A-B's board to turn down the offer. InBev raised its hostile-takeover stakes a bit and offered $70 a share, which amounted to about $52 billion.
So it was either the money, or the fact that the board may have enjoyed one too many of their own products before debating this and arriving at their decision.
Pussy-Go-Round
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“A man in a roomful of women is ecstatic, whereas a woman in a roomful of
men is nervous.” I hosted a play party the other night. There were 35
people in a...
1 week ago
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