Wednesday, July 16, 2008

Europe - Still Wet, For Now

Anheuser-Busch, blah blah. No one cares about this, right?

Color me zero shades of surprised - A-B wanted to be taken over:
Anheuser-Busch let their poison pill expire in 2004, and they declassified their board in 2006, according to FactSet MergerMetrics.
Letting your poison pill lapse and actively declassifying your board aren't things you do accidentally. That these two events occurred so close in time traces the outline of a vague plan to leave the company vulnerable to takeover without actually soliciting bids. And guess what actually happened?!

"The InBev team played a good game in Washington. The first thing Brito did after it was leaked was to get over there and see the relevant senators," the source said.
The relevant senators? So, no one?

I wonder if Bud will still be terrible beer.


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