InBev – This Bud should not be for you!

Posted by John Park on Jul 15th, 2008
Jul 15
Due to the doom and gloom of our current U.S. economy, an important business event is being pushed to the second pages of newspapers and to the bottom of homepages on many news web sites.


InBev to buy Budweiser
IS ANYONE ELSE CONCERNED ABOUT THIS?  I have to say that I am 100% against the sale of Budweiser to this foreign company.  I am not sure if this makes me an isolationist but I can’t imagine the Budweiser Clydesdales pulling a wagon with “Becks” written on the side of it.  Maybe it makes business sense to create the world’s largest brewery and I am sure the shareholders are pleased with the offer of $70 a share but there has to be some consideration of principal for all players involved.
I consider myself a capitalist and a believer in the global economy but it just seems that we are doing a lot more selling and a lot less buying these days.
Case and Point— News broke last month that New York’s Chrysler Building may be sold to an Abu Dhabi investment fund.
Budweiser is an American Icon.  The company represents everything that is good about America and its industrial heritage.  To everyone around the world, the Budweiser beer and its symbols are uniquely American.  The company also serves as a great source of pride and tradition for many Americans.  Of course all of these are points not so easily expressed on a business balance sheet.  Before we give up the company for a quick buck (Ok $52 Billion is a lot of bucks), let’s do what we can to keep Budweiser an American Company.  If this purchase is approved, it would go down in U.S. history as the 3rd largest purchase of an American Company by a foreign entity.  As far as I am concerned, InBev can keep their money!  My fraternity brothers, all in their mid-to-late thirties now, agree with me wholeheartedly.
What’s next?  Coca Cola?


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