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Budweiser sells out. Busch family cashes in for $52 Billion. Belgian beer behemoth is worlds largest with shady labor practices

TxTeamster 2008/07/14 12:52:41
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Anheuser Busch Cos. said early Monday it had agreed to a sweetened $52 billion takeover bid from Inbev, heading off what had promised to be a long and acrimonious fight for the maker of Budweiser and Bud Light beers.

The deal would create the world's largest brewer and the fourth-largest consumer product company under the name of Anheuser-Busch InBev.

On its website, International Brotherhood of Teamsters, which represents 8,100 of A-B's 30,000 full-time U.S. workers says it wants "to safeguard the unique legacy of Anheuser-Busch, a proud union company and American icon, built by generations of Teamster workers." It warns workers that "InBev's buyout record in Europe and Canada shows that workers and communities that depend on Anheuser-Busch would suffer from a possible erosion of working conditions and even layoffs."

The Teamsters union also says that "to recoup the huge purchase price ... InBev probably would have to cut Anheuser-Busch's operations to the bone," with retiree health care one likely target.


Another American Icon gone.....Bud, Hershey, Heinz and 100s of others.

Should the Busch family had sold out or not?
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Top Opinion

  • Nina ~COB~Yes We Did 2008/07/14 14:45:26
    Undecided
    Nina ~COB~Yes We Did
    +2
    It doesn't sound like a good deal for American workers to me. It gives me a sinking feeling to see another American company get bought out. Am I correct in that this is a Belgian company? And is the Union going to be able to hold the same kind of clout?

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Opinions

  • Happybarhound 2008/08/17 16:31:45 (edited)
    It's anti-American to sell to inBev
    Happybarhound
    +1
    This is just another step in the process of the USA being overtaken and ownded by other countries. We have got to do something to stop this!
  • jpriceawa 2008/07/25 05:05:26
    It's anti-American to sell to inBev
    jpriceawa
    +1
    Its disgusting to have that much American history and to let it all go for the almighty dollar. And!! Doesnt Anheiser-Busch family have ENOUGH money!?!
    HMMMM lets see greed or American Pride? I'll take greed. Isn't that just a discrace, its so sad.
  • me 2008/07/22 06:22:31
    It's anti-American to sell to inBev
    me
    +1
    They should not have sold out!! Americans are going to suffer for it !!
  • HeeNalu 2008/07/22 01:16:57
    None of the above
    HeeNalu
    American macro-breweries are awful. At least now it's in the hands of Belgians -- people who actually know something about beer.
  • TxTeamster HeeNalu 2008/07/22 12:41:35
    TxTeamster
    They might know something about beer - but they know nothing about how to treat an American Worker.
  • me 2008/07/21 14:26:05
    It's anti-American to sell to inBev
    me
    +1
    We will be changing the beer we buy!
  • Kyle 2008/07/15 15:45:28
    It's anti-American to sell to inBev
    Kyle
    +1
    Just when we have all this talk about keeping businesses in the U.S this happens. Nice to see that we are still selling out. Looks like it's back to the crappy beer!!
  • bud not so wiser 2008/07/15 04:44:36
    Business is business
    bud not so wiser
    +1
    I am so broken hearted. It looks like the signs over the urinals at Bush Gardens that read," The only American owned beer company" will be coming down. Whats next?
  • Foo Master Angie 2008/07/15 03:44:58
    Undecided
    Foo Master Angie
    +1
    It is a bit disheartening, and I do understand that business is business, but I'm fairly certain that the owners of AB were not hurting for cash.
  • TxTeamster Foo Mas... 2008/07/15 12:07:00
    TxTeamster
    Something tells me the Busch boys never worked a hard day in their lives.
  • highdesertgemini 2008/07/15 01:22:36
    Undecided
    highdesertgemini
    +1
    I imagine it's difficult to say "no!" to $52 billion... However, I hoped they would stick with their company and their products. I was about done with beer, anyway...
  • Edventure 2008/07/14 15:31:32
    None of the above
    Edventure
    Why not? If this was a bad thing, our politicians would have put legislation in place that protect the American economy and people from becoming dangerously dependent on foreign concerns. Will we know who really owns it? could be osama, china, korea, iran oh well, The most powerfull nation in the world, i guess, doesn't need the ability and capacity to sustain itself i guess????? The poor teamsters are the least important part of this practice.
  • TxTeamster Edventure 2008/07/14 15:51:29
    TxTeamster
    When you say 'poor Teamsters' do you refer to the Union or the workers? It would be a shame to think you dont care about American families and the jobs that support them.
  • Edventure TxTeamster 2008/07/14 16:21:17
    Edventure
    +2
    No lack of respect for any effective union of any of Americas labor force union or not. My point, sonewhat sarcastic, was that we are dismanteling this country's biggest assets, and i belive it weakens us as a major power in the world. It also opens up opportunities for the evil doers.

    Sorry, for the confusion. ed
  • doc 2008/07/14 14:50:04
    Business is business
    doc
    +1
    Biz is biz but I'm seeing more and more of what some have called a New World Order.....
  • Nina ~COB~Yes We Did 2008/07/14 14:45:26
    Undecided
    Nina ~COB~Yes We Did
    +2
    It doesn't sound like a good deal for American workers to me. It gives me a sinking feeling to see another American company get bought out. Am I correct in that this is a Belgian company? And is the Union going to be able to hold the same kind of clout?
  • TxTeamster Nina ~C... 2008/07/14 15:49:31
    TxTeamster
    +1
    They come in with a new brand of management and have no respect for the Union contract. First thing they'll want to do is shit all over the retiree benefits.
  • Nina ~C... TxTeamster 2008/07/14 16:59:58
    Nina ~COB~Yes We Did
    +1
    What is happening to our country?
  • TxTeamster Nina ~C... 2008/07/14 17:34:21
    TxTeamster
    +1
    I call it Global WalMartization
  • Nina ~C... TxTeamster 2008/07/14 17:42:10
    Nina ~COB~Yes We Did
    +1
    Well put. Sooo, about those tax cuts for corporations, who are we providing them to? Or am I going a little off the mark here?
  • TxTeamster Nina ~C... 2008/07/14 17:51:20
    TxTeamster
    +1
    I dont know if tax cuts are part the inBev/Bud equation.
  • Nina ~C... TxTeamster 2008/07/14 18:24:38
    Nina ~COB~Yes We Did
    But I mean overall, in American economic policy, tax cuts to big corps.
  • TxTeamster Nina ~C... 2008/07/14 18:26:33
    TxTeamster
    +1
    Way too often we give the breaks to the Corporations who need it least...
  • Nina ~C... TxTeamster 2008/07/14 18:30:05
    Nina ~COB~Yes We Did
    That's what I mean. And if they're not even AMERICAN companies, what the hell?
  • TxTeamster Nina ~C... 2008/07/14 19:14:48
    TxTeamster
    +1
    OK, I'll say it.

    REPUBLICANS
  • Nina ~C... TxTeamster 2008/07/14 19:50:23
  • TxTeamster Nina ~C... 2008/07/14 20:20:10 (edited)
    TxTeamster
    +1
    Bush and his cronies and those backroom deals. They been sticking it to us like no other before them. Please remove the sand from the vaseline...........
  • Nina ~C... TxTeamster 2008/07/14 20:25:28
  • harrisa 2008/07/14 13:35:36
    Undecided
    harrisa
    +1
    Unfortunately, the way the system works now they may not have had a choice. I don't know how it works but if someone wants a company that is listed on the stock exchange they can just take it if they want it bad enough. Everyone wants a piece of the American pie. Part of the appeal I think for the loyal consumer was that it was very American.
  • TxTeamster harrisa 2008/07/14 13:46:05
    TxTeamster
    I think they had a choice, although without controlling shares it probably was inevitable. $52B is alot of money. I wonder what Augustus the First would do..

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