InBev Buyout Sours Mood in St. Louis

BusinessInBev Buyout Sours Mood in St. LouisInBev Buyout Sours Mood in St. LouisThe Associated PressWith the maker of the King of Beers agreeing to go to work for the Belgian brewer InBev, the mood on the streets of St. Louis was anything but happy. (July 14)[Notes:ANCHOR VOICE] With the maker of the King of Beers agreeing to go to work for the Belgian brewer InBev, the mood on the streets of St. Louis was anything but happy. [Notes:MOS MOS MOS]"I THINK ITS A HORRIBLE MOVE ON ANHEISER-BUSCH'S PART." "IT DISGUSTS ME""ITS A HAPPY DAY IN BELGIUM., ITS A SAD DAY FOR ST. LOUIS. Anheuser-Busch said it had agreed to a sweetened $52 billion takeover bid from InBev, creating the world's largest brewer. For InBev, the deal gives an aggressive company the iconic Budweiser brand to sell into emerging markets.But for St. Louisans, the Belgian brewer's buyout left a bitter taste in their mouths. [Notes:SOT: Kyle Bone] I THINK IT'S A SAD STATE OF AFFAIRS THAT OUR DOLLAR'S FALLEN SO MUCH THAT FOREIGN COMPANIES CAN COME IN AND PICK OFF STANDARD AMERICAN COMPANIES LEFT AND RIGHT AND THERE'S NOTHING WE CAN DO ABOUT IT. InBev said it plans to use St. Louis as its North American headquarters, and will keep open all 12 of Anheuser-Busch's North American breweries. Still, the locals are worried about the effect on the local economy.SOTSOTBut when to comes to drinking beer, the mood is that the Anhesier-Busch brand will stand on its own, despite the new owner.SOT ___ ___, The Associated Press.

Channel: News & Politics
Uploaded: July 14, 2008 at 10:13 pm
Author: AssociatedPress

Length: 01:32
Rating: 4.67
Views: 1457

Tags: anheuser  busch-inbev  buyout  inbev  louis  mood  sours  st.  

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