A-B raises a Cuban question
Anheuser-Busch responded today to InBev’s planned effort to oust the A-B board, calling it a “self-serving effort by InBev” to buy A-B for a bargain price.
A-B said it will file a consent-revocation statement in a few days with “additional specific information” in opposition to InBev’s plan.
Meanwhile, A-B raises a novel foreign-policy question:
Shareholders also should be aware that InBev, thorugh a subsidiary, has a significant partnership with the government of Cuba to produce and distribute products in Cuba. InBev has not commented on how that would impact business with Anheuser-Busch’s customers, nor on its ability to complete an acquisition under U.S. laws that affect acquisitions of U.S. companies by foreign companies.
Sounds like the company may look for help from its friends in high places as this battle continues.



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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page.
Forget Cuba and think about your suffering shareholders A-B board: stop trading press releases and enter into discussions with a deep pocketed, willing buyer. The board is on the precipice of breaching its fiduciary duties. InBev wants to talk friendly, but cant because A-B is too proud. Message to the Buschs and the board: it is not your company. InBev’s proxy solicitor is no doubt busy working the phones, based on what they are getting paid per the filing today, and the majority of shareholders will take certainty now; not some pie-eyed promises to deliver value a year from now. If the board is smart, they will sit down and negotiate a higher price. If they aren’t smart they wont be directors.