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Old 07-14-2008, 06:04 AM  
petegz28 petegz28 is offline
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The Day America Died??? Bye-Bye Mrs. American Pie??

http://biz.yahoo.com/rb/080713/anheuser_inbev.html?.v=1

InBev agrees to buy Anheuser for $50 billion



WOW!
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Old 07-14-2008, 01:00 PM   #31
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AB owns 50 percent of the beer market in the U.S. How is that floundering?

It's a sad day.
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Old 07-14-2008, 01:09 PM   #32
KurtCobain KurtCobain is offline
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**** that
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Old 07-14-2008, 01:21 PM   #33
eazyb81 eazyb81 is offline
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Originally Posted by Duck Dog View Post
AB owns 50 percent of the beer market in the U.S. How is that floundering?
Go look at the stock price and overall market share over the last few years. AB is losing market share domestically and has been unsuccessful in gaining market share abroad.
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Old 07-14-2008, 01:34 PM   #34
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Go look at the stock price and overall market share over the last few years. AB is losing market share domestically and has been unsuccessful in gaining market share abroad.
Well, I can't imagine this will improve things much. I'm sure Coors and Miller are already firing up their BUY AMERICAN BEER campaigns.
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Old 07-14-2008, 01:37 PM   #35
eazyb81 eazyb81 is offline
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Well, I can't imagine this will improve things much. I'm sure Coors and Miller are already firing up their BUY AMERICAN BEER campaigns.
Huh? Coors and Miller are both part of multinational corporations, hence Molson Coors and SABMiller.
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Old 07-14-2008, 01:42 PM   #36
Frazod Frazod is offline
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Huh? Coors and Miller are both part of multinational corporations, hence Molson Coors and SABMiller.
Didn't know that.

I think all their products are shit anyway. I particularly love the way Coors advertises the temperature of its beer as being the best part of it, which I guess is 100% accurate. Personally, I drink Sam Adams.

It does suck that this company is going over to foreign control, though.
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Old 07-14-2008, 01:44 PM   #37
Hydrae Hydrae is offline
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The United Arab Emirates now own the Chrysler Building

Abu Dhabi fund snaps up NY's Chrysler Building

14/07/2008 02:23:00

The cash-rich Abu Dhabi Investment Council has bought one of New York's best-known skyscrapers, the Chrysler Building, for a heady 800 million dollars, sources close to the deal said Wednesday.

Despite a sharp downturn in the US housing market in recent years, bidding for landmark New York properties has remained sky-high, showing investors still covet prestigious Manhattan properties.

The deal's price tag means the Middle East fund paid over 10 million dollars for each floor of the iconic 77-story Art Deco skyscraper which is situated in "Midtown" opposite Grand Central station.

Media reports had said the Abu Dhabi Investment Council, an investment fund based in the United Arab Emirates (UAE), had been holding negotiations with a subsidiary of Prudential Financial Inc. over its 75 percent stake in the Chrysler Building.

"We have sold our stake of 75 percent on Tuesday," Prudential spokeswoman Theresa Miller told AFP.

The remaining 25 percent stake in the skyscraper is owned by Tishman Speyer Properties, a privately held New York real estate firm.
"It's certainly a very healthy sign for the commercial real estate market in the US," said Dan Fasulo, a property analyst at Real Capital Analytics.

"Many of the oil-rich nations in the Middle East who (are) just flushed with capital from their oil profit are targeting or looking at our trophy real estate assets," Fasulo said.

The Abu Dhabi Investment Council is intensely secretive about its operations, but investment analysts say it controls over 800 billion dollars of assets and is one of the world's biggest so-called sovereign wealth funds.
Cool, so foreign nationals who are gaining record amount of money from selling oil to us at massively inflated prices are taking those earnings and buying up America. Cool, glad I could help them buy stuff in my own neighborhood while I try to figure out how to pay for the gas to get to work. Who knows, maybe someday they will hire me with my own money. Then I am sure things will be better.
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Old 07-14-2008, 02:05 PM   #38
beavis beavis is offline
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Sweet... maybe they will make their beer not suck anymore.
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Old 07-14-2008, 02:19 PM   #39
Pitt Gorilla Pitt Gorilla is offline
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I think this sucks. I don't drink a lot of Bud, but I did appreciate the STL ownership. Does anyone recall AB's commercials about AB being American and Miller being foreign? I guess they won't run those anymore.
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Old 07-14-2008, 02:37 PM   #40
CrazyPhuD CrazyPhuD is offline
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Heh well this is just payback for us bring McDonalds to their country. What comes around goes around. Globalization is a 2 way street.
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Old 07-14-2008, 03:08 PM   #41
StcChief StcChief is offline
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I think this sucks. I don't drink a lot of Bud, but I did appreciate the STL ownership. Does anyone recall AB's commercials about AB being American and Miller being foreign? I guess they won't run those anymore.
they can run Ad's claiming to be owned by the great beer purists with purity laws from 1500s. vs. South African...

just what we need
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Old 07-14-2008, 03:30 PM   #42
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who cares? InBev is a publicly traded company just like Anheuser Busch is. The shareholders all over the world own both companies. Ownership just changes from one group to the other and AB shareholders get a tidy payout for it. What's the difference?

I'm sure they aren't going to change the "beer". it's the best selling "beer" in america.
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Old 07-14-2008, 05:46 PM   #43
Rausch Rausch is offline
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Bob Dole is taking a learning French audio tape to his A-B buddy at happy hour tonight.
It's sickening.

As much as I spend on beer I think I'll start making sure it goes to an American bidness.
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Old 07-14-2008, 06:30 PM   #44
Lonewolf Ed Lonewolf Ed is offline
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Didn't know that.

I think all their products are shit anyway. I particularly love the way Coors advertises the temperature of its beer as being the best part of it, which I guess is 100% accurate. Personally, I drink Sam Adams.

It does suck that this company is going over to foreign control, though.
Bud attacked Miller for being partly owned by a South African brewer as if that would somehow make Miller taste worse. Now, Bud has to hope everyone forgets their campaign. They had posters pointing out how they were 100% American owned. I can just imagine Bud sales reps scrambling to all the little dives to get those posters down!
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Old 07-14-2008, 08:26 PM   #45
StcChief StcChief is offline
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It's sickening.

As much as I spend on beer I think I'll start making sure it goes to an American bidness.
local small batch and micro brews.... really best quality product. Ignore Big Beer and don't support them
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