MONDAY JULY 07
Throw the Bums Out

Not only does Inbev desire to take over America’s #1 brewer; it wants all of its board seats too. And that would include the company’s namesake Chairman August Busch IV, great-grandson of the company’s founder.

July 2008

InBev's campaign to buy Anheuser-Busch (AB) gathered momentum this morning after a senior member of the Busch family threw his weight behind the Belgian brewer's $47 billion (£23.8 billion) bid for the Budweiser maker.

Adolphus Busch IV, the great grandson and namesake of the company's founder, is among the new directors put forward by InBev ahead of a filing later today with the US Securities and Exchange Commission to remove the entire current board.

The filing is being interpreted by analysts as a clear sign that InBev will only raise its $65-a-share offer - worth almost $57 billion including debt - if the board changes its antagonistic stance and agrees to hold discussions.

Continue reading on Times Online

RELATED ARTICLES
July 2008
Table of Contents
NO COMMENTS YET
ADD YOUR COMMENT

Name Email
Subject
Comment
Scan this issue:

Next article » Yahoo! Quoth Of Noth

Previous article « Raise Capital and Generate Fees!