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Bud agrees to sale to InBev
Old 07-13-2008, 10:41 PM   #1
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Bud agrees to sale to InBev

Bud has agreed to a price of about $70/share from Inbev. Morningstar - MarketWatch: Anheuser accepts $49.91 billion InBev offer
Has anyone seen info on if this is a cash or stock sale?
Could someone who has had one of their stocks 'bought out' share their experience with how long the process takes?
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Old 07-14-2008, 05:44 AM   #2
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The last take over I was involved in was Bank of America's take over of Country wide.
The process from initial bid to finally getting B of A share was just under 6 months, which was super fast IMO.

The initial Inbev was all cash, so I'd expect the $70 bid to also be cash. My wild ass guess is that should be relatively fast since it is cash and no longer hostile. Still I would assume 6 months and wouldn't be surprised to see a year since it is mega merger and the taking over firm is in Europe.
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Old 07-14-2008, 07:56 AM   #3
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Thanks clifp, good points and sound reasoning.
A part of me is hoping it gets finalized before the recovery so I can get back in at sale prices. Should be interesting to see it unfold. I suspect some politicians are going to fight it.
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Old 07-14-2008, 08:41 AM   #4
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So, Bud is "Inbed" with Inbev??
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Old 07-14-2008, 08:48 AM   #5
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Does that make Bud a Belgian beer?
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Old 07-14-2008, 08:52 AM   #6
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Does that make Bud a Belgian beer?
Corporation will be owned in Belgium, but, from what I have read, Budweiser will still be brewed in St. Louis and the N.A. HQ of InBev will be in St. Louis as well. The deal was primarily made to increase Beck's and Stella Artois' N.A. exposure and Bud's exposure overseas.

P.S. They may make a few "expense cuts" as well, but we shall see.
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Old 07-14-2008, 11:08 AM   #7
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The deal was primarily made to increase Beck's and Stella Artois' N.A. exposure and Bud's exposure overseas.
I'm not sure how that will work out. Beck's and Stella are already available pretty much everywhere, and as for Bud's exposure overseas...that sounds sort of like a chance to import Boone's Farm into France. (Do they even make Boone's Farm anymore? Am I dating myself?)

I'm not a huge fan of European attitudes all the time, but they do have educated beer palates (except the French). I can't see a hopless rice beer making inroads in Europe quickly enough to make it a good buy. Maybe in Asia, they tend to drink milder/blander beers, and don't automatically hate anything American.

Disclosure - I hate Bud, and almost all lite beers. I'm looking forward to being able to buy the Real Budweiser, made in Czechoslovakia (sp?)

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Old 07-14-2008, 11:32 AM   #8
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I can imagine far worse things than a Belgian company taking over a beer manufacturer!

I still miss the Belgian Celis brewery in Austin TX. Amazing beer. Truly innovative brewer (which is typical of Belgian beer makers). They were doing great until Miller bought them and then shut them down in 2000. They even made a signature beer for Clint Eastwood. [FWIW - the Celis equipment and trademark was bought by Michigan Brewing in 2002, hired Pierre Celis (brewmaster from the original) and have revived the Celis brands - yay for them - maybe I'll get my hands on some again one day].

But I have to disclose with Harley that I hate Bud. I don't care for "yellow" (pilsner) style beers anyhow. And I still shudder whenever I go to a brew pub and here someone order "XXX light". Give me red, give me brown, give me black - anything but white or yellow beer.

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Old 07-14-2008, 12:20 PM   #9
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In about a week Ill be taking a tour of Busch in St Louis. Wonder if I should bring my passport
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Old 07-14-2008, 12:28 PM   #10
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But I have to disclose with Harley that I hate Bud. I don't care for "yellow" (pilsner) style beers anyhow. And I still shudder whenever I go to a brew pub and here someone order "XXX light". Give me red, give me brown, give me black - anything but white or yellow beer.

Audrey

True story, I can't stand the taste of any alcohol. To me, there's very little difference in taste between a Miller Lite and a micro-brew red. Guiness has a bit more coffee flavor and a 25 yr old single malt scotch tastes like the rest but has more of a cough syrup flavor. I'm guessing this all is greatly contributing to FIRE.
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Old 07-14-2008, 12:32 PM   #11
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I still miss the Belgian Celis brewery in Austin TX. Amazing beer. Truly innovative brewer (which is typical of Belgian beer makers). They were doing great until Miller bought them and then shut them down in 2000. They even made a signature beer for Clint Eastwood. [FWIW - the Celis equipment and trademark was bought by Michigan Brewing in 2002, hired Pierre Celis (brewmaster from the original) and have revived the Celis brands - yay for them - maybe I'll get my hands on some again one day].
I was in a pub in Belgium when Celis was brewing and the owner knew about Celis Beer brewed in Austin. I guess it was one of those "look at what this local guy did in the States."

On the same trip, I also found some Stubb's BBQ sauce in a grocer in Paris. Go figure.
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Old 07-14-2008, 12:39 PM   #12
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LOL! Just a month ago executives and politicians were falling all over themselves defending BUD as a national icon that could never possibly be sold to some foreign country. I guess everything has a price...
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Old 07-14-2008, 12:46 PM   #13
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I was in a pub in Belgium when Celis was brewing and the owner knew about Celis Beer brewed in Austin. I guess it was one of those "look at what this local guy did in the States."

On the same trip, I also found some Stubb's BBQ sauce in a grocer in Paris. Go figure.
LOL! Stubbs BBQ sauce on sale in Paris!!!

Celis chose Austin because the very high lime content of the water was similar to the water in their part of Belgium. Austin water has a very high pH - 10 to 11. Just an interesting note of trivia. It made vegetable growing challenging sometimes.

Anyway - we really enjoyed having them as a local brewery. And I got the meet the brewmaster a few times - would run into him at restaurants, etc.

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Old 07-14-2008, 01:05 PM   #14
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pH of water being 10 or 11? That is almost laundry detergent-basic.
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Old 07-14-2008, 01:17 PM   #15
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I don't drink beer, but own BUD shares. I'm happy about the sale . I just hope it gets completed by YE. I had already sold two 'dogs' that would offset my gain on BUD.
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Old 07-14-2008, 04:42 PM   #16
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Quote:
I'm not sure how that will work out. Beck's and Stella are already available pretty much everywhere, and as for Bud's exposure overseas...that sounds sort of like a chance to import Boone's Farm into France. (Do they even make Boone's Farm anymore? Am I dating myself?)
Yes they do, and yes you are.
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Old 07-14-2008, 05:18 PM   #17
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Voor allen u, deze Bud's voor u!

Wanneer u Budweiser zegt, hebt u het allen gezegd.

De koning van Bieren.

And coming in the future:

Grote Smaak! Minder Vullend!
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Old 07-14-2008, 06:18 PM   #18
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Maybe they'll teach them how to make beer that actually tastes like beer! Uhhhh asbestos suit where art thou?
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Old 07-14-2008, 07:36 PM   #19
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And all of St Louis shudders. I wonder if we'll now have InBev Stadium featuring the St Louis Cardinals.

I heard in a radio piece {NPR or something} that InBev on average slashes advertising budgets of acquired campanies in half. Anyone have a few acres to adopt some out-of-work Clydesdales?!
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Old 07-15-2008, 07:47 AM   #20
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I have been in the beer business for years. Knew it was only a matter of time before Bud would be bought out. Family ownership was very low. The couldn't block any takeover.

As for Bud products I think they are the worse of the Big 3 in the US. But I try desperately not to be a beer snob (Actual term used in the business). Their Amber's not bad but Bud Light is my third choice of the three. Remember though every beer has a place and don't fall for the marketing of really bad imports (Corona).
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