N328KF From United States of America, joined May 2004, 6610 posts, RR: 3
Reply 13, posted (7 years 9 months 3 weeks 4 days 21 hours ago) and read 4793 times:
Quoting GuitrThree (Reply 11): Really? Coors is owned by Canadian Molsen, and Miller is owned by South African SAB. So, I'm not sure it matters anymore.
Your info is out of date. As of about a month ago, both Miller and Coors are the same company, which is a 50/50 joint venture between SABMiller Plc. (a UK company) and MolsonCoors (a US/Canadian company.)
It's a global economy. It really doesn't matter to me, I guess, because I tend to drink European or US craft beers anyhow.
For what it's worth, InBev is Belgian and Brazilian in nature. Lots of Brazilians running the show there. Anheuser gets to nominate some board members.
[Edited 2008-07-13 19:12:37]
When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.' T.Roosevelt
PPVRA From Brazil, joined Nov 2004, 9093 posts, RR: 37
Reply 18, posted (7 years 9 months 3 weeks 4 days 21 hours ago) and read 4755 times:
If it wasn't for the weak dollar, this deal wouldn't have likely happened, and we'd still have two competing companies. I think it's a lesson of how inflationary monetary policy can lead to buy-outs and concentration of capital, diminishing competition.
Not saying this deal is necessarily a bad thing, though.
"If goods do not cross borders, soldiers will" - Frederic Bastiat
LTBEWR From United States of America, joined Jan 2004, 13841 posts, RR: 17
Reply 20, posted (7 years 9 months 3 weeks 4 days 21 hours ago) and read 4738 times:
This won't be the last of big foreign purchase of American based companies. There have been many in the past but this going after one of the biggest advertisers in the USA and the profits are leaving our country with a loss of some tax income.
The current value of the dollar is absolutely horrible. You have many foreign companies that are looking for ways to make money in the long run and see many advantages investing in the USA vs. their homelands due to very high cost labor laws, high income taxes on executives and declining markets at home.
For A-B, the market for beer has leveled off or declined due to variety of social changes as to alcohol consumption, increasing health questions as to alcohol use, more people of faiths or cultures that don't drink alcohol including many newer immigrants.
Charles79 From Puerto Rico, joined Mar 2007, 1341 posts, RR: 6
Reply 24, posted (7 years 9 months 3 weeks 4 days 19 hours ago) and read 4641 times:
Quoting SWISSER (Reply 1): Whats all this patriotism about a beer?
This is just business...
I know, they're reacting as if the US Constitution was sold! It's no different than what happened in the car industry when Ford bought Aston Martin, Jaguar, Volvo and Mazda, GM bought Saab and Opel, BMW bought Rolls-Royce, VW is the proud owner of Bentley and Lamborghini, etc. Companies don't define a country, the country's people do. To get so bent out of shape over a private company who's sole interest is to make money is simply ridiculous.
And as others have already said, with the weak dollar vs strong euro/pound, do expect more takeovers.
: Well you can stick your pride to the sticking post. This is what is happening to the United States. Bit by bit. By bit. And if you would like to know
: I'd agree, except that in this case there is a decent chance that under Belgian control, Budweiser will become LESS disgusting. -Mir
: For decades, American firms bought our national icons in Australia and we were told to lighten up and get with the capitalist programme. Now the shoe
: Happens everywhere, you just need to get used to it. Oh, and another thing, Budweiser - The King of Beers? Aye right
: it's old news, so it won't matter to most people. plus people with good ole ties to Bud/Bud Light will buy Miller Lite instead, out of spite. my comr
: Well, if you think Bud is the king of beers, just wait a few months/years. I am sure Leuven-based InBev, who has been brewing beer since 1366 (!), wil
: AB has over 48% of the U.S. beer market, but buying AB doesn't guarantee they'll be able to shove InBev products down everyone's throats here.
: Not sure that is a sentiment that should be dignified with a response but what the hell! The USA and her citizens have spent many decades(couple of c
: It's called the global economy. You know, that free economy you Americans have been advocating for decades? That economy. And it's not like this is a
: Well I live in St Louis and couldn't care less. I told several people at work a couple of weeks ago that the stockholders were just posturing for mone
: For once I agree with you. I just watched the story on the new this morning and I am disappointed greatly that one of the biggest American symbols ha
: In Overland, that might get a few laughs. but in SoCo, where a great deal of the workforce lives ... probably not so much.
: but, you should. there's almost nothing substantial about the Saint Louis economy anymore.
: In other news: Harley-Davidson Inc said it is acquiring the privately-owned Italian motorbike company MV Agusta for 70 million euros, including 45 mi
: Or lack there-of. Either way, it's gonna give "Hey Stella!" a whole new meaning..... But, that's todays market and with the dollar going south, it's
: As I mentioned in another thread, Anheuser-Busch happens to be the distributor for many of the InBev brands that are already sold here.