June 18, 2008
Buffett for the Insurgents
On Wednesday, Belgian newspaper De Standard reported that Warren Buffett supports InBev in its cash offer for Anheuser-Busch. Buffett's company, Berkshire Hathaway, has a 35 million share stake in the beer conglomerate, worth approximately 5% of the company.
The endorsement comes as a bit of a slap in the face for Anheuser CEO August Busch IV and the Missouri politicians.smen.
Shareholders are displeased with the company's performance under Busch IV's leadership and seem happy to have company operated with competent Belgians at the helm.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Buffett for the Insurgents: