Cardinals

[tornado]

Not much talk yet, but this is sure to be a hot topic.
Belgian brewing kingpins, InBev, the "world's biggest beer maker" IS PREPARING A takeover bid for Anheuser-Busch........
that means they would also take control of the Cardinals...

http://www.stltoday.com/stltoday/business/stories.nsf/story/8B27A322FD143289862574520053341E?OpenDocument

http://www.nytimes.com/reuters/business/business-inbev-anheuser.html?_r=1&oref=slogin

[mike radigan]

I posted this on the other board a week ago or so. I didn't post it here as I thought there would be no interest.

That said, the only interest would be from a historical standpoint as Bud hasn't owned the Cards for some time now.

[ER3]

Not much talk yet, but this is sure to be a hot topic.
Belgian brewing kingpins, InBev, the "world's biggest beer maker" IS PREPARING A takeover bid for Anheuser-Busch........
that means they would also take control of the Cardinals...

Anheuser-Busch doesn't own the Cardinals...they haven't owned them for nearly 13 years now.

[tornado]

sorry--- I am not a Cards fan, thought they still had some ownership...

[Beninator]

A couple of side notes to this. Some articles, like the Wall Street Journal article I am linking, claim that the Busch family own less than 4% of the outstanding Anheuser-Busch stock.

http://blogs.wsj.com/deals/2008/05/23/anheuser-busch-is-resistance-futile/

Also
Anheuser-Busch hires Goldman Sachs and Citigroup as financial advisors as BUD braces for a takeover bid from InBev... As stated in the article, I wonder how the tight credit market is going to affect this situation?

http://blogs.wsj.com/deals/2008/05/23/anheuser-busch-is-resistance-futile/

[mike radigan]

Excerpt from a premium article in today's Investors Business Daily:

Bud financing seen as difficult


Belgian brewer InBev will have difficulty securing $50 bil in financing for a rumored takeover of Budweiser maker Anheuser-Busch (BUD) because lenders are reluctant to take on such risk, several senior bankers told Reuters. InBev reportedly has sought funds from JPMorgan Chase, (JPM) Santander, (STD) BNP Paribas and Merrill Lynch. (MER) Although no offer has been made, Anheuser-Busch has hired Goldman Sachs (GS) and Citigroup (C) as advisers on the deal, sources said. Bud shares rose 0.6% to 57.78.