Roger Protz, contributing editor of beer-pages.com, is ideally placed to keep you to up to date on all aspects of beer. He edits the annual CAMRA Good Beer Guide and has written 17 books on the subject. As the world's leading beer authority, he will keep you informed about events as they happen on a regular basis. Enjoy the blog
Monday, 16 June 2008
InBev bids for Busch
Rumours of a planned bid by InBev for Anheuser-Busch have become reality as the world's biggest brewer has tabled a mighty $46 billion/$65 a share hostile takeover of the U.S. producer of the world's biggest brand, Budweiser. Last week, August Busch IV, chief executive of A-B, met two InBev directors in Tampa, Florida, for exploratory talks. The talks were followed by a letter from InBev's chief executive, Carlos Brito, to Busch in which he spoke of the benefits of combining the two beer giants.
"I believe the combination of InBev and A-B would be industry-transforming," Brito added. "It would create an unparalleled opportunity for our two companies."
While August Busch IV is opposed to the takeover, other members of the Busch family are taking a softer line, but the final decision will be taken by independent shareholders. A merger of the two brewers would give them a 25% global market share of the beer business, producing 460 million hectolitres a year.