7.13.2008

Anheuser-Busch InBev

That's the reported new name of what will be the largest brewer in the world. Reuters, the Wall Street Journal, and other news agencies reported the news this evening. Personally, I'm pissed off about this deal, and I'm a shareholder. I used to work for Anheuser-Busch and I have less than 200 shares, but I could care less about the money. I"m watching the local news and they are describing some of the differences between A-B and InBev, most notably charitable donations. In the last 10 years, A-B has donated over $370 million to worldwide non-profit organizations. After skulking around InBev's website, I finally found a short five-page press release about community involvement. I really had to dig for it, though, so it's more than obvious, at least to me, that charitable giving is not high on the companies list.

I'll write more later when more details are released about the buyout.

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