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Hanlon's Razor: Never attribute to malice that which can be adequately explained by stupidity.

Friday, July 11, 2008

Speaking of Beer...

Anheuser-Busch pulled complete reversal in attitude toward InBev yesterday. Initially InBev made an unsolicited offer of $46 billion, or $65 per share. When Anheuser turned them down, InBev switched to a proxy attack. Basically they would buy enough shares to vote Anheuser's board members off one at a time. The theory being that a new board would look favorably on InBev.

Well, this move apparently scared the Anheuser's board. I'm sure each one of them was thinking about the profits they would miss out on if they were the first member to get booted.

August A. Busch IV, Anheuser’s CEO, is still fighting the merger. In an effort to quickly make the company more profitable he said he's prepared to cut Anheuser’s work force by 15%.

I'm sure Budweiser drinkers will appreciated the layoffs.

Update: It's official. Anheuser-Busch will be acquired by the Belgium company InBev for $49.91 billion, or $70 a share.

1 Comments:

Blogger Allison said...

You know what, as long as it isn't a Boston based company I'm cool.

7/11/2008 4:50 PM  

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Stubbs the Zombie3
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Infernal35/8/2007
Shadowrun25/9/07
Pirates of the Burning SeaM6/1/2007
Enemy Territory: Quake Wars?6/5/2007
Two Worlds?6/26/07
Sins of A Solar Empire?8/1/2007
BioShock18/21/2007
Mass Effect19/7/07
Age of ConanM10/30/07
Crysis1Fall 2007
Elveon?Fall 2007
Half-Life 2: Episode Two1Fall 2007
Portals1Fall 2007
Spore1Fall 2007
Stranglehold?Fall 2007
Tabula RasaMFall 2007
Team Fortress 22Fall 2007
Dragon Age?Winter 2007
Fable 2?Winter 2007
Field Ops?Winter 2007
Halo Wars?Winter 2007
Gods & Heroes: Rome RisingMWinter 2007
Haze?Winter 2007
Hellgate: London1Winter 2007
HuxleyMWinter 2007
Kane & Lynch: Dead Men?Winter 2007
Left 4 Dead?Winter 2007
The AgencyMSpring 2008
Empire Earth III?Spring 2008
Guild Wars 2 MSpring 2008
Jericho?Spring 2008
Sacred 2?Spring 2008
Savage 2?Spring 2008
Time Shift2Spring 2008
Universe at War: Earth Assault3Spring 2008
The Witcher?Spring 2008
CellFactor?2008
Darkest of Days?2008
On The Rain-Slick Precipice of Darkeness: Episode 122008
Warhammer OnlineM2008
Alliance: The Silent War??
Alone in the Dark??
Assassin's Creed??
BioWare MMO??
The Crossing??
Dungeon Hero??
Fallout 3??
Lego Batman??
Mythos??
Overloard??
Space Seige??
Culdcept SagaPC??
Gears of WarPC??
God of WarPC??
Beautiful KatamariPC??
OkamiPC??
Resistance: Fall of ManPC??
Odin's SpherePC??
Castle CrashersPC??

1 - I will buy it
2 - I'll buy it at discount
3 - Other people think it's good, but I wasn't interested when I first heard about it
M - Mainly Multiplayer. See if friends get interested.
? - Find out more about this game
PC? - Will it be released on the PC?