|
|
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 2008InBev'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
NO COMMENTS YET
ADD YOUR COMMENT
Scan this issue:
Next article » Yahoo! Quoth Of Noth Previous article « Raise Capital and Generate Fees! |
|