07.14.2008 9:25 am
St. Louis Post-Dispatch
With today’s official announcement of InBev’s $52 billion purchase of Anheuser-Busch, we’re learning some details that InBev hadn’t been willing to discuss before. One big number that stands out in the press release: $1.5 billion in expected cost savings by…

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07.11.2008 9:31 am
St. Louis Post-Dispatch
Various media outlets — the New York Times, Wall Street Journal and Bloomberg, to name a few — are reporting that merger negotiations have begun between InBev and Anheuser-Busch, with InBev apparently willing to raise its offer to $70 a share.…

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07.10.2008 6:02 pm
St. Louis Post-Dispatch
In dueling SEC filings, both InBev and Anheuser-Busch make clear that they don’t just want shareholders’ votes. They also want good information about their supporters’ intentions.
InBev is asking shareholders to sign blue consent cards with “yes” votes on three proposals — one to oust…

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07.09.2008 12:48 pm
St. Louis Post-Dispatch
Anheuser-Busch filed its consent-revocation statement today, the latest volley in its fight against InBev’s unsolicited offer. Boiled down, the document says shareholders should keep A-B’s current board because a proposed alternative slate would be beholden to InBev. A-B argues:
The…

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07.08.2008 2:37 pm
St. Louis Post-Dispatch
Ever since the Anheuser-Busch takeover saga started, I’ve been getting questions from A-B shareholders who say we’ve ignored the role of dividends in all of this. The general tone is this: I don’t need to jump at a $65-a-share offer, because…

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07.08.2008 9:34 am
St. Louis Post-Dispatch
As I mention in today’s column, InBev’s attack on Anheuser-Busch’s board will hinge on the question of how many A-B directors are subject to removal by shareholders. The process InBev is using, called written consent, involves shareholders voting to remove the existing board…

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07.07.2008 3:17 pm
St. Louis Post-Dispatch
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…

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07.07.2008 10:02 am
St. Louis Post-Dispatch
As part of its effort to oust the Anheuser-Busch board, Inbev had to tell the SEC about any transactions in A-B shares by the people it wants to put on the board. It’s interesting reading, and it may provide some insight…

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07.07.2008 9:26 am
St. Louis Post-Dispatch
The battle has been joined: InBev launched an effort today to oust Anheuser-Busch’s entire board of directors. To do so, InBev had to actually be an A-B shareholder. So, the Belgian company discloses in an SEC filing today, InBev bought 100 shares of…

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07.02.2008 10:49 am
St. Louis Post-Dispatch
In presenting a higher earnings projection last week, Anheuser-Busch Chief Financial Officer Randy Baker emphasized how conservative the new number was. ”While increasing market share continues to be our objective, our strategic plan does not rely on increased market share and assumes level…