[Bud & Becks] What now for the prodigal uncle?
FT Alphaville always sides with the little guy, even if he carries the surname Busch.
What now for Adolphus Busch IV, the half brother of retired Anheuser-Busch chief executive August Busch III, who stood out publicly and backed the proposed Belgian/Brazilian takeover by Inbev?
Will he even be welcome at his favourite drinkery,
[Bud & Becks] Beer brawl – InBev signal hostile intentions for Anheuser-Busch
Clearly, InBev, the Belgian/Brazilian beer combine that wants to takeover Anheuser-Busch, has tired of trying to drink Bud with its soft gloves on.
A press release issued late on Thursday, while regurgitating the guff about Inbev’s “strong preference”
[Bud & Becks] That touchy, feely, creepy beer bid
Okay, now we know why Inbev, hitherto understood to be a rapacious and litigious Belgian/Brazilian drinks conglomerate, wants to take over Anheuser-Busch, the iconic US brewer of Budweiser.
Most of all,
[Bud & Becks] What price a bear hug?
Affection can be costly. The InBev approach to Anheuser-Busch, after being rudely rumbled in late May, is ticking along.
The intention was to send a “private letter” to the US icon, and to follow up with a stronger letter to the board should (as expected) the response be lacking in enthusiasm.
[Bud & Becks] Dear August, an unsolicited, non-binding proposal
FT Alphaville, May 23rd
…the InBev team are preparing to send a follow up letter to the American group’s entire board, mapping out terms that are expected to be pitched at $65 a share.
Anheuser-Busch,
[Bud & Becks] Project Barium – InBev’s negotiations with SABMiller
SABMiller has quietly indicated to Belgium’s InBev that it would formally consider a bid pitched at £15.00 a share or more, valuing the business at £22.6bn, FT Alphaville has learned.
The London-listed brewer has told representatives of InBev,
[Bud & Becks] A white knight for Anheuser?
It is probably premature to speculate on who might spoil InBev’s beer party, moving to agree a friendly merger with Anheuser Busch in preference to the cost-cutting, zero-base budgeting team from Belgium and Brazil.
[Bud & Becks] Golden beer barrels – the (potential) Anheuser exit packages
We are jumping ahead here, but there are certainly compensations available if the Busch family is forced to cede ownership of Anheuser-Busch to the Brazilian/Belgian management at InBev.
In fact, using the $65 a share offer price being considered by the InBev board,
[Bud & Becks] InBev’s plans for Anheuser’s theme parks
It’s just what you might need after a few bottles of the iconic Budweiser or a Michelob or two – a ride on a mythical beast that is part eagle part lion, towed to a height of 205 feet and then hurled at 90 degrees back towards earth at a speed of 75 mph and a force of G4.
[Bud & Becks] Finding $50bn in funds
You may guffaw. Financing a $46bn cash takeover bid in the current strained environment sounds like a tough ask. The proposed deal would require a total package of between $50bn and $60bn.
But those plotting the approach by InBev for Anheuser-Busch are sanguine,
[Bud & Becks] The InBev strategy
It seems counter intuitive. In the mature beer industry, most companies are setting their sights on the relatively-underdeveloped emerging markets, which hold out hope of higher growth.
InBev is doing just the opposite.
[Bud & Becks] InBev targets takeover of Anheuser-Busch
InBev, the brewing giant created through the merger of Interbrew and AmBev, is working on a $46bn takeover approach for Anheuser-Busch, the iconic American brewer of Budweiser, FT Alphaville has learned.