A-B Rejects Bid, Aims to Cut Jobs

June 27, 2008: The board of Anheuser-Busch has rejected InBev’s bid to purchase the company, but the takeover is far from over.

Yesterday in court, InBev filed a suit claiming that A-B shareholders can remove all 13 board members at the brewer’s annual board meeting. The suit is the likely first step in a hostile takeover bid.

Meanwhile, A-B management announced that they intend to cut 1,300 jobs by offering early retirement buyouts.

Read more:

St. Louis Post Dispatch: A-B Board Rejects InBev Offer

St. Louis Business Journal: A-B Cuts to Include Up to 1,300 Early Retirements

Get Advice Join TDU Donate

Recent News

Call Congress: Demand Protection for Frontline Workers

Unions and public allies are coming together this week to tell Congress to protect frontline workers by requiring employers to provide protections to workers to prevent COVID-19 exposure in the workplace. You can help by making a phone call today.

Kroger Finally Agrees to $2 per Hour Hazard Pay

Kroger finally joined the bulk of the food distribution and retail industry in raising pay by $2 per hour for at least the next three weeks. The move came on March 31, one week after TDU exposed Kroger’s failure to join most similar companies in a $2 raise for front-line essential workers.

View More News Posts