Why I Don’t Like The InBev Deal
Jun 18th, 2008 by Shaun Carter
First and foremost, I am not a beer drinker. I think the stuff tastes really bad, but I do want to make a case for Anheuser-Busch (BUD) staying a US company and resisting the takeover attempt by InBev.
InBev is a Belgian brewer and is offering a staggering $46.3 Billion cash takeover of the St. Louis based maker of Budweiser and other brands. Anheuser-Busch commands a whopping 48.5% of the US beer market and owns one of the most recognized American brands of all time.
InBev is able to capitalize on the falling dollar to make the deal even cheaper for them. Now that Warren Buffet , the second largest shareholder of BUD, has come out and endorsed the deal it is only seen as a formality to get it done.
But I believe there is more at stake here than just getting the most value for your shares of stock. This deal could potentially cost thousands of American jobs and ship all those profits overseas and out of our struggling economy.
In light of our current economic conditions I have been more conscious of my purchases and taking a look at the bigger picture when it comes to buying something made in the USA versus overseas. I think taking the America out of Budweiser would be a grave mistake and many others think so as well. It is too bad that America is being split up and sold piece by piece to other companies in the form of sovereign wealth fund investments and outright takeovers.
Soon, we won’t have anything of our own and America will be owned and managed by the rest of the world.
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