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Bud agrees to sale to InBev
07-13-2008, 09:41 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,068
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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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07-14-2008, 04:44 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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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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07-14-2008, 06:56 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,068
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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.
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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07-14-2008, 07:41 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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So, Bud is "Inbed" with Inbev??
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
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07-14-2008, 07:48 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Does that make Bud a Belgian beer?
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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07-14-2008, 07:52 AM
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#6
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Full time employment: Posting here.
Join Date: May 2008
Posts: 546
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Quote:
Originally Posted by ziggy29
Does that make Bud a Belgian beer?
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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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07-14-2008, 10:08 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
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Quote:
Originally Posted by CitricAcid
The deal was primarily made to increase Beck's and Stella Artois' N.A. exposure and Bud's exposure overseas.
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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?)
Harley
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"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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07-14-2008, 10:32 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,008
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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.
Audrey
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07-14-2008, 11:20 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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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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07-14-2008, 11:28 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Originally Posted by audreyh1
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
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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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07-14-2008, 11:32 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 2,049
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Quote:
Originally Posted by audreyh1
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].
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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.
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07-14-2008, 11:39 AM
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#12
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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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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07-14-2008, 11:46 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
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Quote:
Originally Posted by eridanus
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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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.
Audrey
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07-14-2008, 12:05 PM
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#14
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Full time employment: Posting here.
Join Date: May 2008
Posts: 546
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pH of water being 10 or 11? That is almost laundry detergent-basic.
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07-14-2008, 12:17 PM
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#15
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gone traveling
Join Date: Feb 2008
Posts: 510
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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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07-14-2008, 03:42 PM
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#16
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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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?)
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Yes they do, and yes you are.
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"Knowin' no one nowhere's gonna miss us when we're gone..."
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07-14-2008, 04:18 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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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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Al
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07-14-2008, 05:18 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,525
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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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07-14-2008, 06:36 PM
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#19
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 59
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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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07-15-2008, 06:47 AM
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#20
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 159
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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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