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

Rank-and-File UPSers Share Sample Contract Proposals

Rank-and-file UPSers have compiled sample contract proposal ideas for the National Master Agreement. Click here to see what they've come up with. And make sure you attend your local union’s proposal meeting.

Join Sara Nelson at the TDU Convention

Sara Nelson, President of the Association of Flight Attendants, has been touring the country with IBT General President Sean O’Brien. Now they are teaming up to headline the TDU Convention, October 28-30 in Chicago. Register by October 1, to qualify for up to $50 in discounts.

View More News Posts