Missouri Gov. against sale of Anheuser-Busch
NEW YORK Belgian brewer InBev’s offer to buy St. Louis-based Anheuser-Busch has generated strong opposition from government authorities in St. Louis and the state of Missouri.
InBev submitted an unsolicited bid Wednesday to buy the company for $65 a share, or $46.3 billion.
“I am strongly opposed to the sale of Anheuser-Busch and today’s offer to purchase the company is deeply troubling to me,” Missouri Gov. Matt Blunt said in a statement Wednesday.
Blunt said that he planned to explore “every option and any opportunity” to keep America’s largest brewer in St. Louis, but conceded that there was no immediate tool available at the state level to block it.
City officials in St. Louis also plan to write to Anheuser-Busch shareholders to persuade them to reject the deal.
Founded in 1852 as the Bavarian Brewery, Anheuser-Busch manufactures and markets the Budweiser and Michelob lines of beer, as well as Bacardi Silver specialty drinks. It also imports beers such as Boddingtons Pub Ale, Grolsch and Tiger Beer.
Michael McKee to join Purple Beverage Co.
FORT LAUDERDALE, Fla. A former executive of Cadbury Schweppes, Unilever and Fuze Beverage will join Purple Beverage Co. as vice president of operations and logistics, Purple Beverage announced Wednesday.
Michael McKee will be in charge of contract manufacturing, production planning and purchasing, as well as other duties. He previously worked for Fuze as director of procurement and inventory planning and as business planner for Unilever. Before that, he worked with various brands at Cadbury Schweppes, including Snapple, Yoo-hoo, Mistic and Orangina.
Purple is a juice drink that combines antioxidant-rich fruits such as acai, pomegranates, blackcurrants, blueberries, cranberries, black cherries and purple plums. The drink contains no added sugar. It is available at drug stores, supermarkets and health-food stores, as well as restaurants, bars and nightclubs.
InBev makes $46.3 billion offer to buy Anheuser-Busch
NEW YORK When Molson Coors Brewing and SABMiller announced plans to merge U.S. operations under the name MillerCoors, analysts expected pressure on Anheuser-Busch to enter a similar partnership with InBev.
Instead, InBev wants to buy Anheuser-Busch.
InBev announced Wednesday that it would pay $46.3 billion to buy the second largest brewing company in the world and the largest in the U.S., at $65 per share. The acquisition would push the company to No. 1 worldwide.
The board of directors at the St. Louis-based maker of Budweiser and Michelob beers said that it would carefully evaluate the proposal.
Based in Leuven, Belgium, InBev, which was formed through a merger of Belgium’s Interbrew and Brazil’s AmBev, makes Stella Artois and Beck’s beers. Its roots date back to 1366, when Leuven’s Den Horen brewing enterprise began making beer.