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Author Topic: Foreign takeover of American company Anheuser-Busch for $52 billion  (Read 13320 times)
GoodBush
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« Reply #80 on: July 17, 2008, 11:04:28 AM »

Anheuser-Busch theme parks face possible sale

Analysts see InBev spinning off assets that aren't part of core business

By Nathan Becker, MarketWatch.com

SAN FRANCISCO (MarketWatch) -- When InBev launched its takeover of Anheuser-Busch Cos., it vowed a secure future for the company's 12 U.S. breweries.
Things are a little less certain for Shamu the killer whale, SeaWorld's star performer.
Including its three SeaWorld parks, the St. Louis beermaker owns 10 theme parks nationwide, lumped together as the Busch Entertainment Corp.
Every one of them is a noncore asset that could end up.......................read more.

http://www.marketwatch.com/news/story/anheuser-busch-theme-parks-face-uncertain/story.aspx?guid=%7BF0F45612-A0E6-4138-BE1D-4D9A65E41660%7D&siteid=yhoof
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GoodBush
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« Reply #81 on: July 17, 2008, 03:28:55 PM »

SeaWorld's Future In Question

Parent Company Accepts Bid From European Company

POSTED: 4:48 pm PDT July 16, 2008
UPDATED: 11:36 am PDT July 17, 2008

SAN DIEGO -- The future of SeaWorld is up in the air after its parent company agreed to a sale to a European company.

SeaWorld and the other amusement parks owned by Anheuser-Busch are being sold to Belgian brewer InBev, a company known for acquiring new companies, then aggressively slashing costs to pump up the bottom line.

For a price tag of $52 billion, InBev acquired Anheuser-Busch, the maker of Budweiser, which owned theme parks that include SeaWorld San Diego and Busch Gardens.

Back in June, Anheuser-Busch surprised analysts by not proposing to sell the company's amusement parks and entertainment holdings, but analysts believe that InBev may have other plans. The CEO of the Belgian brewer said that he is looking for assets to unload, with the goal of saving $1.5 billion annually by the year 2011.

NBC 7/39 asked a spokesperson for InBev whether there are any plans to sell the company's theme parks, including SeaWorld San Diego.

"It's premature to discuss in detail in the impact of the combination on Anheuser-Busch's entertainment assets," a company statement said. "We are contemplating disposals of non-core assets; however, we cannot comment at this stage on which businesses specifically would be considered. InBev's decision will be based on a diligent review of the strategic and financial consequences of any divestment, with the goal of creating the best opportunities and value for all constituents. We understand the important contributions that Busch entertainment parks like SeaWorld make to the communities in which they operate, and it is important to us that those communities continue to benefit from the parks and the visitors they attract. While it's too early in this process for InBev to have made decisions about all aspects of Anheuser-Busch's operations, we are very mindful of their important role in those communities and will seek to help preserve that role."

Although NBC 7/39 also contacted SeaWorld and Anheuser-Bush for statements, officials at the two companies would not comment on any plans in the works.

http://www.nbcsandiego.com/entertainment/16904569/detail.html

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TruthHunter
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« Reply #82 on: July 18, 2008, 09:25:13 AM »

Some of it makes it over. I've tried Anchor Steam beer, that's a good one.

I like real-ale, though, and that's something that I think you have to be brought up with to appreciate.

The look on the faces of my German and American friends at the beer festival was priceless. I went to the bar and came back with five pints of real-ale. Undeterred by the colour, which was a very deep brown, they had a taste and all, to a man, recoiled from it. It was hilarious.

Even here its very much an old-man's beer. You need to have a proper beard before you can tackle it.

I brew my own beer too. Previously from kits but I've just started my first proper batch made from hops. I do hope it will be drinkable, although it would have to be bloody dreadful for me not to finish it, what with the nearest pub being 7 miles away.

I tried a brand once called Samuel Smith's Nut Brown Ale and it was the foulest thing I ever tasted. Made me sick the next day. 
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dogmadestroyer
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« Reply #83 on: July 18, 2008, 12:54:50 PM »

I tried a brand once called Samuel Smith's Nut Brown Ale and it was the foulest thing I ever tasted. Made me sick the next day. 

Their Brown was nothing to write home about (Brown Ale never is) but Sam Smith usually makes good stuff. You really must have had a bad batch or an excessivly old one.
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“The Bible tells us to be like God, and then on page after page it describes God as a mass murderer. This may be the single most important key to the political behavior of Western Civilization.”

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mickswann
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« Reply #84 on: July 18, 2008, 01:33:58 PM »

I tried a brand once called Samuel Smith's Nut Brown Ale and it was the foulest thing I ever tasted. Made me sick the next day. 

I'm not so keen on Brown Ale. I used to like Newcastle Brown when I was younger, but, like Guiness, I lost the taste for it.
Spartan is a favourite of mine and I never fail to be impressed by hand-pulled Real Ales when I go down to Yorkshire.
Hebden Bridge, one of the hubs of the canal network in the north, is home to some fine pubs with some truly spectacular ales. Its one of the reasons that I will end up living on a barge again, that and the absence of rent, utility bills and council tax.

 Smiley
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GoodBush
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« Reply #85 on: August 20, 2008, 12:23:39 AM »

Anheuser-Busch boosts employee buyout program

NEW YORK (Reuters) - Anheuser-Busch Cos Inc on Tuesday said it approved an enhanced employee buyout program that it expects will reduce its salaried work force 10 percent to 15 percent.

The revised program will provide enhanced pension and retiree medical benefits, as well as severance, to salaried employees who are at least 55 years old as of December 31, 2008.

For eligible participants who are among a group of about 360 key employees, the severance benefit will range from 15 months of base salary to double the sum of base salary and a target bonus. It will also include continuation of medical benefits.

Anheuser said Chief Financial Officer W. Randolph Baker was the only executive among its "named executive officers" eligible for the buyout. If Baker agrees, he would receive a payment of $2.71 million, the company said.

The brewer of Budweiser, which agreed to a $52 billion takeover by Belgian rival InBev NV, said it expects to recognize one-time charges of $400 million to $525 million in the third and fourth quarters for enhanced retirement and severance costs, with related cash expenditures of $100 million to $140 million.

Anheuser-Busch shares slipped 9 cents to $67.91 on the New York Stock Exchange.

(Reporting by Martinne Geller, editing by Maureen Bavdek)

http://www.reuters.com/article/pressReleasesMolt/idUSWNAB687320080812

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GoodBush
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« Reply #86 on: August 20, 2008, 12:26:27 AM »

‘Show me’ the jobs, brewery workers demand
Author: Tony Pecinovsky
People's Weekly World Newspaper, 08/19/08 18:06   

 
St. LOUIS – “InBev, we aren’t going to have a race to the bottom here,” said Rep. Russ Carnahan (D-Mo.) to 1,000 Teamsters and their allies as they rallied here Aug. 16.
InBev, a Belgian-based multi-national that recently purchased Anheuser-Busch for $52 billion, is known around the world for its anti-union, slash and burn tactics. Nationwide, 12 Anheuser-Busch breweries that make half the beer consumed in the United States and employ 8,000 Teamsters are affected by the purchase.

Chip Roth, a leader of the Teamsters Brewery and Soft Drink Workers Conference, said, “InBev has targeted workers’ wages and benefits in other countries. They have a history of taking care of the executives. Well, we are just as important.”

St. Louis residents are not accepting at face value InBev’s promises to maintain their city as the North American headquarters of the Budweiser brand, and keep all 12 U.S. breweries open with minimal job losses.

“I’m from Missouri, the Show Me State,” Carnahan told the crowd, “and I’m skeptical. InBev has to show us that it is going to keep its promises to the workers, to the union, to the retirees and to the community.”

Estimates are that Anheuser-Busch was worth $195 million in business to St. Louis last year alone and $985 million to the state of Missouri. The company paid $12 million in taxes to the city and employs 13,000 people in the state.

Another community concern is what will happen to the enormous philanthropic efforts made by Anheuser-Busch which last year donated $13 million to charitable organizations across the country. InBev has a history of cutting all non-core expenses and demanding tax breaks. It will likely eliminate or sell off Sea-World, Busch Gardens and other Anheuser-Busch properties that are of tremendous benefit to the public.

The Teamsters are cooperating with unions overseas in an attempt to pressure the company into doing the right thing.

Roger Van Vlasselaer, national coordinator of the largest InBev union in Belgium spoke at the rally and said, “We have to try to organize a global union structure in all InBev plants around the world. The InBev shareholders have already organized themselves. The unions need to organize on a global level as well. To InBev, only profits count, everything else is disposable.”

Siderlei Oliveira, president of Brazil’s 1.2 million member food workers union, said Brazillian workers have “very bitter” experiences with the company.

He said that when the company took over his country’s breweries it cut the number of them almost in half, from 23 to 13 and that it slashed the workforce from 23,000 to 9,000, with no cut in production. He said that the company treats workers as if they were in the military, rather than at a workplace.

Workers in Chile, Peru, Argentina and the Dominican Republic have had similar experiences, he said.

http://www.pww.org/article/articleview/13564/
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GoodBush
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« Reply #87 on: August 20, 2008, 12:30:10 AM »

Labor leaders meet ahead of Anheuser-Busch talks
By PHILIP DINE | St. Louis Post-Dispatch • Published August 15, 2008

In advance of negotiations set to begin Monday between the International Brotherhood of Teamsters and Anheuser-Busch Cos., as well as the pending sale of the company to InBev NV, labor leaders gathered Friday in St. Louis to plan their next moves.

They also were in town to prepare for a rally Saturday afternoon aimed at bolstering community support for the workers and at pressuring the company to continue its charitable and other work in the community.

Jack Cipriani, a vice president of the Teamsters union and director of its brewery and soft drink division, was among those participating in the lengthy meetings on Friday. They drew some 40 labor leaders who have dealt with InBev, including union officials from Brazil, Canada and Belgium, as well as Teamsters from around the United States.

The Teamsters represent 8,000 A-B workers in St. Louis and 11 other U.S. plants. Union leaders from all 12 plants were at Friday's meetings. The contract expires on Feb. 28.

Friday's sessions were the first step toward forming a partnership so the unions can not only share information but also help forge strategies to protect their members, Cipriani said.

"As we're having globalization, unions have to think in those same terms to protect the workers' interests," he said.

Cipriani said today's rally is meant "to make sure that InBev and A-B live up to their commitments to the workers, the community and the retirees."

National negotiations begin next week in Cincinnati, chosen as a central location, he said.

One rank-and-file worker, Frank Calcaterra, who has spent 30 years at the St. Louis brewery, said Friday that he hopes labor-management relations remain the same with the change in ownership.

"We've always had a pretty good rapport between A-B and all the trades here, the machinists, the brewers, the electricians and the pipe fitters. It was a good give-and-take situation. The company and labor were always able to sit down and work it out."

Anheuser-Busch Vice President Gary Rutledge and Cipriani said in a joint statement that they were starting negotiations early in hope of reaching "agreement before contract expiration ... to receive pay increases early and to provide employees the certainty of a new labor agreement for the next several years."

Both said they expect the negotiations "to be professional and productive."

The rally Saturday is scheduled to begin at 1 p.m. at Kiener Plaza in St. Louis.

http://www.theolympian.com/nationworld/story/546115.html
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ramallamamama
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« Reply #88 on: August 20, 2008, 12:31:00 AM »

If the new owners are smart, they'll get the license to start producing Samuel Adams.
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fnord
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« Reply #89 on: August 20, 2008, 01:20:59 AM »

The labor unions are fetile grounds for a truth movement.  Such a highly organized group that is getting squashed should be taking action against the NWO.
Labor unions and the NWO:

http://forum.prisonplanet.com/index.php?topic=24949.0

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GoodBush
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« Reply #90 on: September 15, 2008, 12:51:47 AM »

Beer drinkers challenge InBev - Anheuser - Busch deal

By THE ASSOCIATED PRESS
Published: September 10, 2008
Filed at 5:41 p.m. ET

ST. LOUIS (AP) -- Ten angry beer drinkers are trying to derail the largest brewery takeover in history.
The group filed a federal lawsuit Wednesday claiming Belgium-based InBev's $52 billion purchase of Anheuser-Busch Cos. Inc. would violate U.S. antitrust law if completed as planned in the coming months.

The suit, filed in Anheuser-Busch's hometown of St. Louis, does not seek financial damages but asks a judge to block the deal. The Department of Justice often reviews large acquisitions to determine if they are legal under U.S. law. But attorneys behind the lawsuit said they want to halt the deal regardless of the verdict in Washington.

''The Justice Department can do whatever they want. They have no absolutely no effect on private actions,'' said Joseph Alioto, the lead attorney in the case. He declined to say Wednesday who was funding the lawsuit.

Anheuser-Busch said it will fight the suit.

''We believe that the claims alleged in the lawsuit are without merit and we intend to vigorously defend against them,'' Gary Rutledge, vice president of legal and government affairs for Anheuser-Busch, said in a brief statement.

Justice Department spokeswoman Gina Talamona would not confirm or deny whether the agency is reviewing the case.

InBev's proposed purchase of Anheuser-Busch, the maker of Budweiser, Michelob and other brands, was met with a wave or legal challenges when first announced this summer. Shareholders filed more than a dozen lawsuits, some trying to stop the deal, others trying to hasten it. Anheuser-Busch even sued InBev before it accepted the offer, characterizing the bid as an illegal scheme.

InBev Chief Executive Carlos Brito said this summer the deal wouldn't violate U.S. antitrust law because InBev is a niche player in the United States, selling brands like Stella Artois and Beck's. Brito said adding InBev's portfolio to Anheuser-Busch's roughly 50 percent market share would not make a sizable difference in the company's U.S. market dominance.

The suit filed Tuesday challenges the deal's legality on different grounds. It says the merged brewery, to be called Anheuser-Busch InBev, would have a monopoly over beer production in the United States. The lawsuit argues that combining two of the world's biggest breweries will reduce competition.

''If InBev is allowed to purchase Anheuser-Busch, there no longer would be any significant major potential competitor to influence pricing and marketing practices in the United States.'' the suit says.

Plaintiffs in the lawsuit are listed as 10 individuals who drink Anheuser-Busch and would be affected if the company raised prices.

Barry Ginsburg said he joined the suit because he is worried how the deal might affect his hometown of St. Louis. He said plaintiffs in the case care about more than paying a little extra for their beer.

''This is bigger than us,'' Ginsburg said. ''We all have a pretty good idea what happens when people have a monopoly, and when it's a foreign company that has a monopoly.''

Alioto is also suing to stop the proposed acquisition by Delta Air Lines Inc. of Northwest Airlines Corp. In that case, he represents a group of passengers who claim the deal would violate antitrust law.

http://www.nytimes.com/aponline/business/AP-InBev-Anheuser-Busch.html?dbk
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KATERRA
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« Reply #91 on: November 01, 2008, 09:32:32 AM »

i am just sick, and the more i read about what is going on in this country the sicker i feel.
i just want to sit down and cry. i look at all these posts in so many forums on so many sites and i keep thinking yeah! alright! The american people see what is going on. Sooooooooooooo my question is WHAT ARE WE GOING TO DO ABOUT IT!!! We just keep talking and talking but why aren't we all out in the streets, protesting the basic buyout of our country. it used to be we did not like something we let it be known, I am all for kinder and gentler nation but this is too much, i wonder what would happen if just one day all of us "bloggers" not only sent e-mails and blogged but mailed letters actual letters of protest how overloaded do you think the postoffices would be in D.C.   JUST ONE DAY! A REAL GOOD DAY I THINK? NEXT TUESDAY!!!! LOOKS GOOD TO ME! I WANT AMERICA TO BE AMERICA AGAIN, I WANT HER TO HAVE PRIDE FOR WHAT SHE STANDS FOR, NOT HANG HER HEAD IN SHAME BECAUSE WE HAVE ALLOWED OURSELVES TO BE BOUGHT OUT IN MORE WAYS THEN ONE. I WANT MY COUNTRY BACK!!!!!!!!!!!!!!!! Undecided
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