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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, June 12, 2008

Belgian Brewer Bids for Anheuser-Busch

InBev of Belgium, brewer of Beck's and Bass beers, made an unsolicited $46.4 billion takeover offer for Anheuser-Busch, brewer of Budweiser and Bud Light.  Anheuser-Busch, which has been controlled by the two families for almost 150 years, is expected to fight the takeover, but the company does not have a staggered board, and the family, which owns less than 4% of the stock, does not have supervoting shares.  Warren Buffett is the second largest shareholder.  The combined company would be the world's largest brewer.  NYTimes, Brewer Bids $46 Billion for Anheuser-Busch; WSJ, InBev Uncorks Anheuser Takeover Bid.

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