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» AnimationNation   » SideTopics   » Belgian brewer buys Busch brewery business

   
Author Topic: Belgian brewer buys Busch brewery business
Jennifer Hachigian Jerrard
IE # 8
Member # 2280

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Bud Light presents: Real Businessmen of Genius...

quote:
From The New York Times

Anheuser-Busch agreed on Sunday night to sell itself to the Belgian brewer InBev for about $52 billion, putting control of the nation’s largest beer maker and a fixture of American culture into a European rival’s hands.

InBev confirmed details of the sale Monday in Brussels.

The all-cash deal, for $70 a share, would create the world’s largest brewer, uniting the maker of Budweiser and Michelob with the producer of Stella Artois, Bass and Brahma. Together, the two companies would have sales of more than $36 billion a year, surpassing the current No. 1 brewer, SABMiller of London.

...

This Bud's for you, InBev. [Wink] [Big Grin] [Wink]

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KevinO
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Maybe the beer will actually improve! [cheers]
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-FP-
IE # 13
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As long as I can still get a foe-ty for $1.29, all is well. ...as for the beer "improving", who cares, as long as it still has the same alcohol content.

Seriously, it's a bad deal because of the aggressive cost-cutting and "consolidation" the new company will perform to make the deal profitable as quickly as possible. Bottom line: more Americans out of work. Multinational capitalism unrestrained ends up the same way as a powerful car with no brakes or steering. A moment's thrill, followed by a flaming Cutlass 442 buried in a the side of a wrecked schoolbus full of barbecued tots.

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Thomas
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It's not necessarily true that the new owners will fire a score of people. If a company does have to cut costs by laying people off, or upgrade their equipment (which means that less people are needed) why shouldn't companies be allowed to do so?

With all the years that multinational business have been doing what they do it seems to me that there have been more jobs created rather than less.

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-Tom

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akinney
IE # 167
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i read somewhere it will the the opposite of layoffs. That they are wanting to now brew some of their beers like Stella that are widely available in some places, but not in others in more breweries in the US so they can be more widely available. Said they are planning to mix up like that with all they own (now including the maker of Corona - they bought that too) so the production will increase and they are going to need more employees and be able to have all of their products available in most places.
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