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Anheuser-Busch criticizes InBev board move

Monday, July 7, 2008

ST. LOUIS (AP) -- Anheuser-Busch Cos. says InBev's plan to remove its board is an attempt by the Belgian beer maker to buy the company at a price that is too low.

InBev said earlier it will file a preliminary consent solicitation asking Anheuser's board to consult shareholders about replacing Anheuser's board. The move is part of its hostile $46 billion bid for St. Louis-based Anheuser, which Anheuser rejected two weeks ago, saying it undervalued the company.

Shareholders have the right to sue Anheuser's board if they feel the directors are not acting in their best interest. A majority of shareholders would need to back InBev's plan.

Anheuser-Busch is asking its shareholders to take no action and not sign or return any consent they may receive in the future from InBev.

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Does anyone remember years ago when some billboards said "buy American"? They seen the problems that were coming down the road and no one listened. Now the US auto makers are in trouble because the markets are flooded with imports. Everything is made in china,all the companies have moved to other countries, Large oil is more or less controlling our economy,(AND PROBABLY OUR COUNTRY TO) everytime you call a company for info you get someone in another country, and now to top it off, a foriegn County is trying to strongarm their way into owning the last piece of American freedom that we have,BEER,BUDWEISER,I have had enough with keeping my mouth shut, I am MAD AS HELL.. wE NEED TO START SPEAKING UP AND NOT SETTING BACK WITH OUR MOUTHS SHUT. THOSE POLITICIANS WORK FOR ME AND YOU. AND ITS TIME EVERYONE PUTS THEIR FOOT DOWN AND FIRES EACH AND EVERONE OF THEM BECAUSE THEY DO NOT HAVE THE BEST INTEREST OF THE PEOPLE IN MIND.. THEY JUST CARE ABOUT COLLECTING ALL THE CASH FROM THE LOBBYIST AND SUPPORTING THEIR HABITS AND THEIR "ME" ATTITUDE.

-- Posted by tlc2cann on Tue, Jul 8, 2008, at 12:51 AM

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