Daily Archives: 07/17/2008

Anheuser Busch Acquired By InBev

Well, one of the last icons of St. Louis business has succumbed to globalization. Anheuser Busch agreed to be acquired by Brazilian-Belgian conglomerate InBev, ending a brief takeover struggle of the ailing brewer. I am sure there is much wailing and gnashing of the teeth in St. Louis, Busch is a major employer and presence in the community. Mostly people are probably worrying about their jobs, since InBev is apparently known for slashing budgets at the brewers it acquires.

I wonder what will happen now, and what will get cut in the $1.5 billion in “synergies” that are expected from the merger. Most likely thing to go – Busch Gardens and Seaworld, Busch’s theme parks in Florida.