InBev Sweetens Offer: Anheuser Busch Likely to Give In
July 13, 2008 by Kelly Phillips Erb
Filed under Drinks
In the end, it wasn’t about history. It wasn’t about pride. It wasn’t about patriotism. It wasn’t even, surprisingly, about the beer. It was all about the Benjamins.
InBev finally gave A-B what they really, really wanted: more money.
After swearing that they would never sell, after claiming the sale would be anti-American and against the law, A-B execs changed their mind when InBev waved an extra $5/share at them for the company. Funny how money can resolve your differences.
InBev hopes to become the largest brewery in the world and did so by offering A-B shareholders $70/share.
InBev has promised to keep open all 12 of Anheuser-Busch’s U.S. breweries, and to keep the company’s North American headquarters in St. Louis. Yeah, that and $1 won’t even get you a can of Bud.
