America’s for sale. This time it’s Bud; the king of beers.
Watch the top ten funniest Bud commercials by clicking on the link below:
Anheuser-Busch, the biggest U.S. brewer and third worldwide by volume, said Wednesday that it received an unsolicited $46.3 billion takeover bid from InBev the number two brewer in the world based out of Belgium.
Anheuser-Busch announced after the U.S. markets’ close that it had “received an unsolicited, non-binding proposal from InBev to acquire all of the outstanding shares of Anheuser-Busch for $65 per share in cash.”
The company would not comment further on the bid except to say the board would “evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch’s long-term strategic plan” and make a determination “in due course.”
Despite Anheuser-Busch’s 148-year family heritage and CEO August Busch IV’s recent statements that it’s not for sale, the family holds just 4% of voting stock and can’t block a takeover.
As I mentioned in yesterday’s post, America’s for sale thanks to George W and our weak dollar.
The Chrysler building, The GM (General Motors) building and the Flatiron buildings even though sitting on American soil now belongs to foreign investors.
Not Bud, say it ain’t so!