Important News for Anheuser-Busch Employees, Members, Retirees, and Their Communities
Latest Update
UPDATE: Teamsters/Anheuser Busch Contract Negotiations Statement
August 22, 2008: (Washington, D.C.) – Company and Union representatives met in Cincinnati the week of August 18, 2008, to participate in negotiations on individual brewery local non-economic issues. The meetings were professional and productive and the parties made significant progress resulting in the resolution of all local issues at each of the 12 breweries.
The parties will meet again the week of September 29, 2008 to begin negotiations on national issues.
Gary Rutledge, Vice President, Legal and Government Affairs, Anheuser-Busch Companies and Jack Cipriani, Director, Brewery and Soft Drink Workers Conference, International Brotherhood of Teamsters
Introduction
UPDATE: Anheuser-Busch Agrees to InBev Takeover
On July 14, the board of Anheuser-Busch announced that it has voted to accept a $52 billion takeover bid from Belgian brewing giant InBev. The agreement came on the heels of InBev increasing its offer for Anheuser from $65 to $70 a share. Spurring the deal, according to the New York Times, were signs that influential A-B shareholders-including tycoon Warren Buffett-were favoring the InBev purchase. The new company created by the takeover will be called Anheuser-Busch InBev, the two companies said.
The purchase, which still needs shareholders' approval, would upend the world's beer market, making the new entity the world's largest brewer, easily outstripping current leader SABMiller in market share and size. The new company will control about 25 percent of the world beer market, including half of the U.S. beer market and one-fifth of the beer market in China and Russia.
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