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| August A. Busch IV Sells Out America |
Monday, July 14th, 2008. at 11:55 AM
Belgian brewer InBev announced earlier that it will buy Anheuser-Busch for $52 billion to create the world's largest brewer.
$70 a share was too good of an offer to keep CEO August A. Busch IV from selling an American icon to a foreign entity. The acquisition means control over America's largest brewer moves overseas as we watch the Busch family turn from patriots to traitors.
InBev has said it plans to use St. Louis as its North American headquarters, and that it will keep open all 12 of Anheuser-Busch's North American breweries. Marketwatch reports that the new company will be called Anheuser-Busch InBev.
The deal must still be approved by shareholders and European and U.S. antitrust regulators. This is certainly a good thing as a number of politicians have been verbal about the anti-American feelings that this deal has.
Major news outlets such as Forbes have been reporting that job cuts would be eminent. For those of you that were worried whether August would land on his rich feet after all of this, fret not, as his job is safe on the board of the new foreign company.
We will be the first to admit, we were suckered by August's "American family values" TV commercials and public rebuke of the takeover offer, so much so that we retracted our early boycott efforts against Anheuser-Busch. But with these latest events, just about the only thing we can think to do today is stop drinking Budweiser. We advise you to do the same.
Read more at Drink American
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| Coors to Brew Far From the Rockies |
Wednesday, July 9th, 2008. at 10:36 AM
Coors beer and the Rocky Mountains was a magical marketing combination for 135 years. But with last week's merger of the U.S. operations of Coors and Miller, Coors products now will be brewed in such flatland locales as Trenton, Ohio, and Irwindale, Calif.
The brewer will save $500 million from "cross-brewing" at Miller and Coors facilities. That means Miller products will be made at Coors breweries in Golden and Elkton, Va., and most Coors brands will be brewed at six Miller facilities spread across the U.S. — with no mountain springs in sight.
In a concession to the mystique, the original Coors Banquet brand will be brewed only in Golden with Rocky Mountain water.
A good read about the beer's history, including mentions of President Ford's request for Coors at the White House, and the Coors-smuggling film "Smokey and the Bandit," is available in the full story at The Denver Post.
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| Nathan's Famous Hot Dog Competition Goes to Tie-Breaker |
Friday, July 4th, 2008. at 05:08 PM
World-record holder and defending champion Joey "Jaws" Chestnut held on to his hot dog-eating title Friday in an unprecedented tie-breaker at Nathan's Famous Fourth of July contest.
Chestnut, of San Jose, California, beat rival Takeru "The Tsunami" Kobayashi, of Japan, in a "dog off" in Coney Island where the two contestants battled to see who could finish five hot dogs first.
Chestnut and Kobayashi tied in the regulation competition, both eating 59 hot dogs and buns in 10 minutes, a record for a 10-minute competition.
In last year's competition, Chestnut set a record by eating 66 franks in 12 minutes, ending Kobayshi's six-year reign as winner of the competition. Chestnut retains the "Coveted Mustard Yellow International Belt" and wins a one-year supply of hot dogs from Nathan's in the Coney Island section of Brooklyn.
Way to Eat American!
Read the full story at CNN.com
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| Alcohol is Making Women Fat |
Sunday, June 29th, 2008. at 08:31 AM
As women catch up with men in the drinking stakes, their waistlines are also catching up with the beer belly, according to health experts.
An English dietitian has given the apple-shaped body type a new name-- the wineglass--due to the love of the drink.
Jacqui Lowdon, from the British Dietetic Association, said it was the result of image-conscious women exercising to keep fit, and yet neglecting to cut back their alcohol intake.
The shape is characterised by weight accumulating in the middle, creating a larger upper body and a thinner lower half.
Usually seen in women after menopause, this barrel-torso physique is now becoming common in the under-30s. Singers Bunny Rabbits, Charlotte Church and Fergie are seen as examples of this emerging body type.
Read the full story at The Daily Telegraph
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| Miller Joint Venture May Give Molson Coors A Leg Up |
Saturday, June 28th, 2008. at 11:20 AM
So much happening in the Budmillors businesses...
MillerCoors, the new joint venture between SABMiller and Molson Coors Brewing Co., finally takes shape next week.
The joint venture - which closes Monday - will unite the U.S. operations of the two brewers and will help prune costs. It will also create a more formidable rival to giant Anheuser-Busch at a time when the Budweiser maker is wrestling with the distractions of a $46 billion unsolicited bid from Belgium's InBev. Gains from the joint venture are expected to give Molson Coors' earnings a boost and ultimately help the stock.
The MillerCoors joint venture will sell brands such as Miller Lite and Coors Light and will have a roughly 30% market share in the U.S. By comparison, Anheuser, the nation's largest brewer, controls nearly half the market.
Not sure who owns your favorite frosty brews anymore? Neither were we. Read Who Owns What Beers? on DrinkAmerican.US
Read the full story at CNN.com
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| Anheuser-Busch Stops Alcoholic Energy Drinks |
Friday, June 27th, 2008. at 12:13 PM
Sure is a LOT of A-B in the news lately. Anheuser-Busch will reformulate its alcoholic energy drinks to remove caffeine and other stimulants they contain as part of a nationwide legal settlement.
An investigation by attorneys general of 11 states found the largest U.S. brewer was marketing its caffeinated alcoholic beverages to minors and misrepresenting the drinks' health benefits, New York state Attorney General Andrew Cuomo said.
Though the company agreed to make changes, it insisted its Tilt and Bud Extra drinks were not marketed to minors.
Read the full story at CNN.com
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| Anheuser-Busch to Reject InBev; Drink American Stands Down from Boycott |
Thursday, June 26th, 2008. at 05:43 PM
In a move that has surprised many (including us) it's been reported that Anheuser-Busch plans to reject InBev's unsolicited $46.3 billion takeover offer, saying it undervalues the company.
From Drink American, our buddy site:
It is with great pleasure that we would like to officially stand-down from the Anheuser-Busch boycott that we were suggesting take place on Independence Day. Those that had pledged to stand by our boycott understood the importance of dissuading members of the Anheuser-Busch board of directors from selling the All-American company to a foreign entity.
We would like to suggest that a boycott of all InBev products continue, as a rejection from Anheuser sets the stage for InBev to either raise its bid (as high as $70 a BUD, by some reports) or take its bid directly to shareholders -- options InBev is likely to pursue. A list of all InBev products can be found here and a list of 12 great American beers for the Fourth of July can be found here.
In rebuffing InBev's offer, Anheuser-Busch plans to map out its own restructuring plan soon that would include the sale of the company's theme park operations, The Wall Street Journal reported.
The plan also would include layoffs, more than $500 million in cost-cutting efforts and the sale of Anheuser-Busch's packaging unit, the New York Times added. Both are some unfortunate side-effects.
Billionaire investor Warren Buffett, whose Berkshire Hathaway is Anheuser's second-largest shareholder, told CNBC on Wednesday that he viewed the beer battle as "an interesting spectator sport" but had not thrown his support behind either side.
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| Two Six-Packs of Truly American Beers for the 4th of July |
Sunday, June 22nd, 2008. at 10:21 PM
We just updated our new Buddy site Drink American with a new article on some of the beers you should look for to replace your Budweiser consumption on the 4th of July weekend if you're participating in the AB sale boycott.
"To help get you started in your quest to Drink American, here is a list of the top six craft and microbreweries according to the Brewers Association of Boulder, Colorado."
Read the full article here: DrinkAmerican.US
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| Call to Action! Drink American Officially Proposes Boycott |
Thursday, June 19th, 2008. at 03:19 AM
Strikes and boycotts quite frequently do absolutely no good. We see them all the time and pay them no mind. The plights of the supporters go unheard of or dismissed due to a minority interest or only a local following.
But, my fellow Americans, we are not in the minority. We are patriots and this affects all Americans, drinkers and teetotalers alike. In this day and age it is harder and harder to walk into a store and find a product that says "Made in U.S.A." on the label... something that was built by an American company, by Americans, for Americans.
We the People need to do something and we need to do it now.
Anheuser-Busch has a history in the United States that goes back 150 years. Recognizable icons of the company include the American Eagle logo, the banner and pledge on every can and label of Budweiser beer, and of course, the magestic Budweiser Clydesdales.
It is with all this in mind, and with great displeasure that we must recommend a boycott of all Anheuser-Busch products. Vague efforts are futile, so we are proceeding with single coordinated event for the Fourth of July weekend... on this Independence Day, we ask you to Drink American and boycott all Anheuser-Busch beverages as well as all InBev beverages.
What does this mean? Simply put, choose to imbibe with patriotism and loyalty on that holiday. Instead of a six-pack of Bud, pick up a six-pack of beer that was brewed by your local brewery. Instead of a case of Bud Light, enjoy something that you've never tried before that was brewed in your own hometown. Show A-B that you won't stand for any act of treason against our great country... before it's too late.
Spread the word. Use the social links and email links on DrinkAmerican.US to let your fellow Americans know what could happen to a great American icon. Check the FAQ for a list of all A-B and InBev beers and beverages to avoid on Independence Day weekend this year.
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| $65 a BUD (NYSE) |
Thursday, June 19th, 2008. at 03:16 AM
The head of Belgian brewer InBev NV visited Capitol Hill Tuesday to promote his company's takeover of Anheuser-Busch to skeptical lawmakers and told reporters the $65 a share offer is the highest it would bid. At that price per share, the deal would be worth about $46.3 billion.
At the meeting Missouri Senator Claire McCaskill said: "I explained to them that I would do everything I could to stop this sale from going through." She added: "It's very unclear that any of us (members of Congress) can do anything at this point" other than to express displeasure.
This is true as is does not look like any regulatory clearance is needed in the deal. InBev would combine breweries that operate in different geographic markets and thus not violate antitrust laws.
Meanwhile, Berkshire Hathaway, the investment company controlled by billionaire (and American icon in his own right) Warren Buffett, may bank a $600 million profit if InBev NV succeeds in its takeover of Budweiser-maker Anheuser-Busch. Some news outlets have reported that Buffett committed to support the takeover. Buffett's company owns 35.56 million shares of BUD (NYSE), which is roughly 5%.
Perhaps even worse speculation right now is that Grupo Modelo, already 50 percent owned by Anheuser, is expected to block any attempt by them to buy full control as a defensive move (this would make Modelo an American company, not a Mexican company, which their CEO is vocally against). Analysts say the most likely outcome is that Modelo will embrace InBev's bid for Anheuser and hope the Belgian brewer proves to be a better partner than the biggest U.S. brewer.
So where does this leave us?
Well, we think it's finally official... we need to strike. Details to follow.
News Sources culled for this post:
Reuters.com
ap.google.com
Bloomberg.com
USAtoday.com
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