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

Webinar & Toolkit: Heat Safety Rights at UPS

UPS Teamsters from across the country joined our webinar on enforcing new heat safety rights at UPS. Watch the webinar below. Then check out our heat safety rights toolkit. It includes resources to inform other members and enforce our heat safety rights this summer.

Resources: Getting Control of Production Standards

Get the information you need to understand production standards at your workplace, follow the methods, and stop unfair discipline.

View More News Posts