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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 09:05 PM
Original message
Anheuser Busch sells out

http://www.gather.com/viewArticle.jsp?articleId=2814749...

by Lawrence J, H.

July 22, 2008 06:00 PM EDT

I heard recently that the Anheuser Busch family had agreed to a sweetened $52 billion takeover bid from Inbev, After the Anheuser Busch family said they would put up a long
fight to keep Budweiser.

The deal would create the world's largest brewer and the fourth-largest consumer product company under the name of Anheuser-Busch InBev.oh boy another American icon is sold to interest outside the United States.

On its website, International Brotherhood of Teamsters, which represents 8,100 of Anheuser Busch 30,000 full-time U.S. workers says it wants "to safeguard the unique legacy of Anheuser-Busch, a proud union company and American icon, built by generations of Teamster workers." It warns workers that "InBev's buyout record in Europe and Canada shows that workers and communities that depend on Anheuser-Busch would suffer from a possible erosion of working conditions and even layoffs."

Shareholders will receive $70 a share, a $5 increase over the offer Anheuser-Busch rejected in June. Both companies' shareholders must approve the deal, as must U.S. and EU antitrust regulators.

Bev said it plans to use St. Louis as its North American headquarters, and that it will keep open all 12 of Anheuser-Busch's North American breweries. What they really mean is that things will stay the same until they actually own the company and then American workers will lose their jobs.

Does is matter that a quintessentially American company will now be owned overseas, and its name changed to Anheuser-Busch-InBev?

Is this globalization run amok, or just smart business? Another American Icon gone Bud, next in line mite be Hershey or Heinz. With 100s of others in the making.

How long will it take before our great country the United States of America is completely sold out to the rest of the world and we are called the United States-Europe or something else.

Should the Busch family had sold out or not?

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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 09:15 PM
Response to Original message
1.  No! The US government should be giving incentives to
Edited on Wed Jul-23-08 09:15 PM by MadMaddie
keep companies from selling out to foreign entities especially during the economic crisis that is occurring.

I am not paranoid but who is to say that after these companies buy these American companies they just decide to shut them down to hurt the US. Imagine all of the foreign owned companies doing this....this would be a disaster to the infrastructure of the US. Okay I just gave myself a headache.
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Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 09:48 PM
Response to Original message
2. Bud and Busch beer sucks. German beer is the best.
Real German beer is fresh and contains no preservatives. :dem:
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nebenaube Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 10:00 PM
Response to Original message
3. 52 billion?
Damn I thought the people of Belgium were smarter than that. They have serious tossed their cash into a black hole of worthlessness.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-23-08 10:26 PM
Response to Original message
4. bargain basement price sales
using euro`s to buy us business. i worked at a printing plant where we printed and mailed out a british publication for world distribution. we were paid 9 an hour on the bindery line where in england those guys were being paid around 16 an hour..we work for very little compared to the rest of the first world countries
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