Posts Tagged ‘bucks’
Is NASCAR ready for this?
Anheuser-Busch…has entered talks that could see Belgian rival InBev announce a takeover in the next few days, according to reports in the United States.
St Louis-based Anheuser is said to have abandoned its opposition to the deal after InBev raised its offer from $65 a share to $70, valuing the business at more than $50 billion.
The takeover proposal has sparked uproar among customers and politicians at home who want the classic American brand to stay in US hands. Many people in St Louis fear job losses and the end of the brewer’s longstanding support for local charitable and civic projects.
Some large shareholders in Anheuser though, including the billionaire investor Warren Buffett, who owns 5%, are understood to have put pressure on the brewer’s management to do a deal.
Some American brand names are still worth something – to someone.
And, according to the Wall Street Journal, it’s a done deal.