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


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Building for the Future: New TDU Dues Rates

TDU is on a drive to increase our membership and our war chest. At our recent Convention, members voted to increase TDU membership dues for the first time in 17 years.

Pension Protection Committee Responds to Grassley Bill

The National United Committee to Protect Pensions (NUCPP) has issued a statement in response to the Multiemployer Pension Recapitalization and Reform bill introduced by Senator Chuck Grassley (R-IA) and Lamar Alexander (R-TN)

View More News Posts