Many Americans had never even heard of global brewing behemoth InBev, and they didnt realize Budweiser had come under foreign attack until it was too late.
At 70 a share, or 52 billion, it was the largest all-cash acquisition in history and even more noteworthy because it occurred during the gathering storm of a global financial collapse.See all Product description).The authors persistence pays off in her account of the Busch familys searing internecine strife.As American business continues to dramatically change, this compelling book should be on every businesspersons reading list." (Business Lexington)."The strange reality of it was that the family the game the documentary 320kbps owned only about 4 percent of the stock MacIntosh says.'Few companies on earth were more evocative of America, with all of its history and iconography, than Anheuser-Busch writes veteran Financial Times journalist Julie MacIntosh in her strenuously reported book, "Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon." As the title suggests.History; and AnheuserBusch had just received a takeover bid from foreign brewing giant InBev.The Brazilians make a pitch of 43 billion in what's known on Wall Street as a "bear hug"an offer so generous that the recipient can't refuse.
Lawrence Jackson/AP toggle caption, lawrence Jackson/AP, in, dethroning the King: The Hostile Takeover of Anheuser-Busch, An American Icon, author Julie MacIntosh details the 2008 takeover.
Review "A Foolish Book Recommendation for July." (The Motley Fool) "How the Busch clan lost control of an iconic American beer company.
But ABs board does refuse, triggering weeks of moves and countermoves and endless endgaming by the two companies.When growth-hungry InBev arrives on the scene, a company so lean and cost-conscious that they're called the Walmart of brewers, all hell breaks loose at the complacent Anheuser-Busch headquarters.The purchase came at a time when America was suffering a financial meltdown but before the credit markets dried.Louis region; its management, or lack thereof, by the Busch family (particularly the August Busches III and IV and the broader unsettled economic climate of 2008.Sports fans and partygoers who enjoy Budweiser beer may not realize that their iconic King of Beers is no longer American.Busch III, had just handed the reins to his son, August.Is the compelling playbyplay of InBevs takeover of AnheuserBusch.As she tells, morning Edition co-host Steve Inskeep, the Busch family, figureheads of the 150-year-old company, were unable to stop it from happening.As a result, the Brazilian-Belgian InBev company faced little public or political resistance to its takeover.(m) "Dethroning the King is a brutally detailed look at the hostile takeover of AnheuserBusch, the legendary icon that at one time was the epitome of American business success.In a narrative that reads as fast as any fiction thriller, Financial Times journalist MacIntosh details the 2008 takeover of the iconic Anheuser-Busch brewing company by Belgian corporation InBev, focusing particularly on the company's importance to the.Bottles of Budweiser and Stella Artois are seen at Dixie Liquors in Washington,.C., in this file photo from July 14, 2008.Maybe the next time a foreign entity tries to acquire a major American family company, the public will take notice before it becomes a fait accompli." the New York Times theres a lesson for all in book on brewing.It is a story that may well go down in American business history as one of the defining moments of this era.