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06-30-2008, 12:36 AM #1
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InBev Begins Hostile Takeover of Anheuser-Busch
InBev Begins Hostile Takeover of Anheuser-Busch
Thursday, June 26, 2008 2:30 PM
ST. LOUIS -- Belgian Brewer InBev is taking what could be the first steps toward a hostile takeover of Anheuser-Busch Cos.
InBev announced Thursday it has filed a lawsuit in Delaware Chancery Court, where Anheuser-Busch is officially chartered as a corporation.
The lawsuit seeks a judgment to confirm that Anheuser-Busch shareholders can remove without cause the company's board of directors.
The biggest brewer in the United States has not officially responded to InBev's offer. Anheuser-Busch did not immediately return a message seeking comment.
InBev's move comes after media reports Wednesday that Anheuser-Busch's board is preparing to reject InBev's unsolicited offer to buy Anheuser-Busch for $65 a share, or roughly $46 billion.
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06-30-2008, 01:10 AM #2
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Seems America's Anheuser-Bush is being bought out by Brazilians disguised as Belguins. Global economics isn't what it used to be.
http://www.iht.com/articles/2008/06/...ness/inbev.php
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06-30-2008, 01:31 AM #3
And ignorant Americans will go right on buying their beer!!!!
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