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Anheuser Busch

InBev completes acquisition of Anheuser-Busch

November 19, 2008

After 148 years, iconic family-run Amercian brewer Anheuser-Busch has ceased to exist after its acquisition by Belgian rival InBev completed on 18 November.

After 148 years, iconic family-run Amercian brewer Anheuser-Busch has ceased to exist after its acquisition by Belgian rival InBev was completed on 18 November.

Following shareholder approval from both companies, the new organisation, known as AB Inbev, becomes the global leader in beer and one of the world's top five consumer products companies.

The $52 billion deal, which includes $45 billion of debt financing, valued Anheuser-Busch at $70 per share in cash.

AnheuserBusch deal to go ahead despite InBev’s drop in profits

November 6, 2008

Despite reporting a 14% year-on-year drop in third quarter profits and the postponement of its capital increase, drinks giant InBev has announced that its $52 billion deal acquisition of AnheuserBusch will go ahead.

The Belgian brewer saw its profits fall to €447 million from €519 million over the same period last year but remains optimistic for the future.

Brewery giants fight over shareholders

July 10, 2008

In response to a move by acquisitive InBev to remove Anheuser’s board of directors, Anheuser-Busch has struck back, urging its shareholders to block the move.

The maker of Budweiser and Michelob beers has filed a consent revocation statement against InBev, saying its board “unanimously opposes” InBev’s consent solicitation.

InBev seeks hostile takeover as Anheuser-Busch rejects proposal

June 27, 2008

The battle for control of family-run US brewer Anheuser-Busch has taken a dramatic turn as Belgian rival InBev is set to launch a hostile takeover following Anheuser-Busch’s rejection.

The battle for control of family-run US brewer Anheuser-Busch has taken a dramatic turn as Belgian rival InBev is set to launch a hostile takeover following Anheuser-Busch's rejection.

The US brewer finally gave its verdict on the proposed takeover by InBev yesterday and rejected the approach outright. The offer of $65 per share was described as being financially inadequate and not in the best interests of shareholders.