What's up with Budweiser getting bought? As much as I stay clear of the stuff and have for quite some time, it seems kinda of weird that AB could be owned by a non-US entity. At first, Bud's current CEO, August Busch IV, clearly wasn't down for the deal as he recently told investors that a sale wouldn't happen on his watch. But I guess everyone has their price, and $52 Billion might just do it for me as well!
An article I read stated that the newly formed company is gonna be making something like 12 billion gallons of beer a year, making it the largest brewer in the world. I should hope so. Bud's keeping all of its breweries open but they did announce over 1.5 billion in planned operating cost cuts. Maybe the high cost of corn will drive them back to actually brewing with more barley!
Guess it's not a done deal yet and might happen as early as the end of the year. It's a strange time we live in when more and more US companies and properties are now owned by non-US companies.
