Well, it looks like InBev raised its offer by $5 a share to purchase Anheuser-Busch. That would make the offer $70 a share - or 50 billion dollars. Word has it that Anheuser-Busch will accept the deal sometime this weekend. This would be a "friendly" deal as opposed to the "hostile takeover" mentioned earlier in this saga.
What about the new name for the company? It hasn't been decided yet...
Debi,
Quite a turnaround from the news yesterday when AB was talking about suing InBev for tampering with the Board. I know money is money and business is business, and all that, but this is an American institution - whether you drink or not.
Steve :)
Never happy to see such an icon be bought out by an overseas owner. Didn't work out so well with Mercedes/Chrysler though.
Steve - I'm a little bit surprised by this, but I guess I shouldn't be. Money is usually the bottom line. :)
Bill - It's not a done deal, yet. Maybe it still won't happen... :)
Debi.. I don't think this is a happy ending at all. Anheuser-Busch being bought out by any foreign company is not a good idea. We NEED to keep companies in the states. Otherwise we will become the United States of the World.. not America.
Valerie - There have been protests from the public, but I think they are going to do what benefits them the most financially...
It's always about the money. Will they keep the business in place or will your employment rate take a hit?
Virginia - We know that they will cut costs, but we don't know to what extent. Thanks for stopping by! :)
I don't know what the name will be but I can guess how they'll celebrate. :-)
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