Is the A-B board stalling, holding out or tilting at windmills?
Today the Anheuser-Busch board of directors rejected a bid by InBev to buy the St. Louis brewer for $65 a share. The board said the offer undervalued A-B. According to our story, board chairman Patrick Stokes said:
The proposed price does not reflect the strength of Anheuser-Busch’s global, iconic brands Bud Light and Budweiser, the top two selling beer brands in the world, with Budweiser selling in more than 80 countries today.
One might look at the board’s stance this way: We might be willing to sell the company — but not at the price you offered.
So is the board holding out for a better price? Or is it sincerely resisting a takeover attempt by the Belgium brewer? Is that a fruitful effort by A-B’s board? Or, realistically, is there anything they can really do to stop a takeover?


Kurt is the director of social media for the Post-Dispatch, where he has worked since August 2002. He's been a journalist since 1982, covering municipal government, courts, education and two hurricanes as a reporter before becoming an editor.
Food for thought Lisa. Well said. I will think on it a little more. Owning some stock makes me feel the need to take the extra profit on this deal, as my family is hurting right now. It’s tough to weigh all the consequences and make the right decisions. Much is in the balance, but I cant see the harm in gaining value. Perhaps in the long term you’ll be right. But aren’t we becoming more global every day? shouldn’t we face that fact and stop being so protectionist? Once again, these are only words. I am still mulling it over as well.
Well, Phil, if your family truely is hurting right now, but somehow by your glib comments I wonder but I am sorry all the same, sell it tomorrow as it will be a few dollars less to Uncle Sam. Becoming more global everyday and being removed from you country and being sent global are two different things. Whoever buys the new stock that this company will become better be REALLY patient, like maybe 6-10 years patient just to get its stock up to the $60 that Busch is now. Somehow with today’s mentality I don’t think its going to happen. Brito will have 10 very large banks and stockholders wanting blood. And once again as American being employeed by this company we will pay again.
I am personally rooting for AB IV. InBev’s offer is way too low especially with the devalued dollar.
If somebody wants to take their profit at a price in the $60’s, they can sell now.
This gives AB IV the mandate to begin the corporate restructuring. Selling heretofore sacred items like the theme parks, renegotiating with the unions, cutting back on new product development, taking financial risk with overseas market development, focusing on beer, beer, and more beer!
If the market throws you a cheap hostile take over attempt, make beer. Thanks Inbev for a $50 million tee up.
Budweiser, Micheolob, Corona, and Bud Light is all the world needs.
GO AB-Modelo.
This hometowner’s for you!
They are going to have to come out with a very specific plan to fend off this band of pirates. Cutting costs and streamlining are terms way to general to keep this fight going. I think with a truly creative detailed plan, they still have a shot of fending off this arrogant company who makes nothing but garbage beer all over the world. Imagine how it would feel if one day you said the word Budweiser, and Americans immediately have a look of disgust. I know that I would never drink another under the InBev umbrella. Instead of cowboys in Montana, Busch commercials will soon feature metrosexual Europeans in their cutesy bright colored soccer scarves cheering on some sport that Americans don’t even understand. Will the beer trucks now be towed by Mini Coopers rather than Clydesdales? Maybe we can include GM, Mount Rushmore, The White House, and The Grand Canyon in the deal too.
Phil, if the Busch’s are blue bloods, I’m a monkey’s uncle. Get real.
AB has set the example for social and community responsibility.
Thanks to their examples in glass and aluminum recycling they have led the world in the profitability of all recycling, and set the industry standard fro glass and aluminum.
Thanks to their generous treatment of their employees, contractors, unions, taxes, and social giving, Inbev sees and opportunity to make money.
Thanks to their development of an America’s beer marketing, Inbev sees an opportunity at a bargain basement sale.
AB has always reinvested its growth into its own endeavors, now someone else wants to reap the profits. No thanks.
It is a wake up call to AB to pay attention to its investors, but it is not a reason to sell it down the river.
A-B is negotiating now for a higher share price. It’s bargaining, which would be expected. If A-B could improve their business, they would have done so by now. They’ve been complacent and not very good businessmen in the past. What makes them think we’ll believe them now?
If this does go through, I suggest we all pledge our beer drinking allegiance to Schlafly’s (or your local brewery elsewhere). We can all watch Bud/Bud Light/Busch market share drop to 5%. The lions at the banks will foreclose on Carlos’ $46 billion. Then we can all kick in a few bucks and buy back AB from the banks. The dollar may be down, but the American spirit, creativity, loyalty and resolve will never be.
It is about time an American company or individual stands up for what is ours. AB’s board is right Carlos Brito’s offer is an undervalued offer because his offer is a one time payment. If AB remains independent of a company in a French wantabe country all the profits and jobs remain in America. To the AB board, Warren Buffet, and all the other stockholders- don’t give in and sell, and tell Carlos and Inbev to take their $46 billion, their $50 million in fees, their lies and go to hell or where the sun don’t shine which ever is more economic!!!!!!!!!
Yes, itazoo, they are horrible business people, the worst at everything.
They why they have been trying for a few years, with more years to go, to improve globally too. Not by takeouts.
What has Brito done for improve his brands/business other than to takeout companies take their cash, sell off most of it and move on to the next??
Hey, I have an idea, lets find someone to buy Harley-Davidson.
There is a real bunch of losers…..not!