Thursday, July 17, 2008

This Bud's for.....EU

Okay, so I lifted the headline from the Drudge Report, but this week Belgian brewer Imbev bought Anheuser-Busch for 70.00 a share.

This was takeover which wasn't without controversy. Weeks ago when Imbev first offered 65.00 a share, a while the stock market was floundering, the takeover bid fueled even responses from the presidential candidates in regards to such an American iconic company.
When Imbev's original bid was rejected, they decided to take the bid hostile. AB responded by their own legal filings by stating Imbev was misrepresenting their intentions.

Finally, Imbev upped their offer to 70.00 a share, higher than AB's stock share has ever been and shareholders just couldn't say no. So now, since Bud is owned by a Belgian company, am I going to have to pay for an import when I buy a Bud?