Budweiser…sold for $70 a share

Posted on 13 July 2008 by Brant

PHILADELPHIA (Reuters) - U.S. brewer Anheuser-Busch Cos Inc (BUD.N) agreed to be acquired by Belgium-based InBev NV (INTB.BR) for $70 per share, a source familiar with the situation said on Sunday. Full story here

So an American Icon will soon be gone. Will this be good for beer lovers? Good for America? Or does anyone care at all?

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3 Comments For This Post

  1. gservo Says:

    Well, I am not surprised. With Craft Brewers as they are now, American beer is in good hands, just consider this a good reason to give up commercial beer altogether.

  2. Eric Britt Says:

    The weak dollar had a hand in this as well. The euro is so strong they bought it for 30% less because the drop in the dollar!

  3. Ray Paul Says:

    It is a great thing that inbev got such a great deal buying budwiser, but the simple fact of the matter is I’m drinking Coor’s light from now on! It’s not bad, I know a lotta people who drink it; and swear by it. In my opinion Coors light is going to be the nest great brewing company of America. I will never buy another Anheuser-Busch beer again-Thanks again Anheuser busch for selling a great American company to the highest bidder.

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