Web Search powered by YAHOO! SEARCH
06.20.2008 6:22 am

Benefiting from InBev deal: Cindy McCain?

St. Louis Post-Dispatch

While elected officials here clamor to block InBev’s acquisition of Anheuser-Busch, at least one political figure stands to gain from the deal: Cindy McCain. Cindy McCain

The wife of Republican presidential nominee John McCain inherited a Budweiser distributorship in Arizona, and owns a significant amount of A-B stock.

John McCain’s financial disclosure form filed with the Senate — posted online by the Center for Responsive Politics — shows Cindy McCain holds over $1 million in A-B stock.

And, because of the ambiguity of Senate disclosure requirements, her stake could be well over $1 million.

Either way, Cindy McCain stands to make a tidy profit if InBev offers investors a $65-a-stock premium.

Bloomberg and other financial wires have already reported on Cindy McCain’s potential windfall, but, so far, she has yet to make a comment about the pending deal.

Any windfall she receives, however, might be just short term gain.

Who knows what will happen to exclusive regional distributorships like Cindy McCain’s — the equivalent of finding a mint under the Christmas tree — with InBev at the helm?

Of course, the calculus is different for McCain, who has to balance her wealth with her husband’s political fortune. John McCain is already taking heat for his criticism of another major local employer, Boeing. 

Losing the Brewery could be much tougher for Missouri voters to swallow.

1 Star2 Stars3 Stars4 Stars5 Stars (5 votes, average: 3.4 out of 5)
Loading ... Loading ...
20 comments

Comments are closed.

First, shareholders won’t be getting a “$65-a-stock premium” from ImBev as you alluded. The premium was a modest 11% when the offer was made which is more like $6 dollars per share. And millions of shareholders, including unionized workers, pension funds and billionaire Democratic backers will receive the same benefit should the deal go thru as it stands. Secondly, that 11% premium is ridiculously low relative to other major transactions; it should be more like 40%. However, I don’t want the brewery sold to an entity that will gut the US organization and cause the loss locally of potentially thousands of good jobs. That would be a death blow to the City of St. Louis and would be deleterious to the entire region.

Other than those comments. it was a nice article whose only point was to poison the well of opinion towards the McCains. Relabel the article from Political Fix to Democratic Tirade for truth in “journalism”.

— Woody
8:15 am June 20th, 2008

The State of Missouri will not vote for these Republicans that are trying to take the King of Beer’s from our state.

Cindy McCain is being quiet right now because she has “always been proud” of our country’s ability to make her some money at the expense of the working class people in the United States. It is O.K. though honey, because I will be proud to cast my vote for President Barack Obama.

President Barack Obama wants Anheuser Busch to remain headquartered in the United States and owned by Americans.

U.S.A., U.S.A., U.S.A., U.S.A., THE UNITED STATES OF AMERICA, LAND OF THE FREE, HOME OF THE BRAVE.

— The Real Democrat Know
8:20 am June 20th, 2008

“Real Democrat Know”, how ridiculous to say that Barack Obama wants the brewery to remain American while Republicans want it to go. Hello!?! Republican (Ex Chief of Staff to Matt Blunt) Ed Martin is behind the “SaveAB.com” along with SEVERAL other Republican operatives.

I don’t see all of these Democrats in the city doing much to stop the deal. Every office holder in St. Louis City (and really the county) should be out making noise about this, and they do nothing. Yeah, great leadership among your Democratic representatives.

I am sure the Democrat’s do have an answer to the InBev takeover, NATIONALIZE THE BREWERY! That’s their answer to everything, then we can kick out the current board and put some political patronage appointments on the board. Its the way things are still done down in the city anyway!

— Purple Leader
8:37 am June 20th, 2008

I don’t think civilians (non-shareholders) want AB to be bought. It’s bad for America, it’s horrible for StL. InBev has shown how they handle newly acquired businesses and the results are always more bad than good.

I think this is one topic that both Rs and Ds would probably agree. Different reasons but same outcome.

Too bad the public gets no say. It’s up to the shareholders and it’s their money. It’s a toss-up at this point. Hopefully the good guys are the ones to hit it over the fence.

— whatthetlr?
8:50 am June 20th, 2008

Purple Leader:

TO your comment “That’s their (the Democrats) answer to everything, then we can kick out the current board and put some political patronage appointments on the board.” Amazing enough, that’s been the Republican way for years, including the entire Bush term. His lackeys are everywhere, from U.S. District courthouses all the way up to his warmongerers, and let’s not forget his Attorney General choices. To say PBO would be different in that respect would be naive. You are going to put people in place who you know will send the message that you want sent.

— whatthetlr?
8:55 am June 20th, 2008

One only needs to look at the history of both stocks to make the determinitation if AB would sell. If I was on the board, I would vote a big NO. INBEV is a cobbeled together company that buys what it thinks it needs, similar to Microsoft. The highest ever its stock sold for was $70. AB is a consistant performer for years with annual dividends and many other things going for it as well.

— iggy
9:01 am June 20th, 2008

This story is such a partisan low blow it would make George Soros proud. I have little doubt it would also make Mr. Pulitzer ashamed. Obviously, it is intended to sour Missouri voters on McCain by making him appear to be against A-B. But I’m sure the Busch family owns far more Busch stock - and therefore stands to make far more money - than Mrs. McCain. Are they also pro-InBev? Or is this whole “story” a crock?

We all know that the Post-Dispatch shares the enthusiasm of the most rabid supporter of Obama. Would it be too much to ask that you simply make biased reports on actual campaign issues and events, rather than pulling absurdities like this out of thin air?

— Nick Kasoff
9:02 am June 20th, 2008

I hope the board rejects and has a plan that stockholders can buy into that will improve stock price to where they want it.
There is no one to blame for this attempted buy out but the board, they have sat back too long, they were not aggressive enough when it came to expanding overseas wether that be buying other breweries or through marketing.
AB has always paid decent dividends on their stock, it basically comes down to pure greed. The haves want more and screw the have nots. Interestly this morning on KMOX there was a story on how the poor population in this country keeps growing, it stated that there was not a lack of jobs but a lack of good paying jobs in which a person/family could actually support themselves.
This buy out will again be the draining of good paying jobs, (the trickle down affect of this is scary too) if this country keeps going in the direction none of us will have the extra cash to even buy a Bud!

— kdunlap
9:08 am June 20th, 2008

Nail on the head Woody…nail on the head. Is it any wonder newspaper sales are at an all time low.

— Greg
11:15 am June 20th, 2008

I agree with Nick on this one. I hear a lot about the Post-Dispatch having serious political bent, this story seems to evince such an opinion. The openly Democratic portion of the media isn’t even lobbing this grenade.

— Randy Watson
11:29 am June 20th, 2008

Pages: [1] 2 » Show All