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What is it about these Brazilian management teams? On Thursday, we learned that JBS SA (BZ:JBSS3) was in late-stage talks to acquire bankrupt Pilgrim's Progress Corp. (OTC:PGPDQ) for about $2.5 billion. If a deal materializes, it would cap 24 months of aggressive dealmaking by the Brazilian beef giant. Since its...
Posted on September 4, 2009 1:20 PM
On March 5, Anheuser-Busch InBev said it would divest about $7 billion worth of assets to deal with short-term debt after the November Euro-U.S. merger of InBev SA and St. Louis-based Anheuser-Busch Cos., which created the world's No. 1 brewer. It's full debt load after the deal was $45 billion.Most...
Posted on July 1, 2009 9:14 AM
At the beermaker's annual meeting Tuesday, Anheuser-Busch InBev NV chief executive Carlos Brito gave a nod to the value of tradition. He said New York will not be the company's new headquarters as the brand would lose value if it shifted from Leuven, Belgium, where it has more or less...
Posted on April 28, 2009 4:22 PM
Grupo Modelo SAD de CV is denying a report in Friday's Wall Street Journal that it wants to buy back part or all of the 50% stake Anheuser-Busch Cos. holds in Mexico's largest brewer. A Modelo spokesperson told Reuters the report "is not true." This follows news in early October...
Posted on October 17, 2008 11:30 AM
It's one thing to work at a bank or a multinational corporation or a financial media company and advocate global free trade. It's another to be a truck driver for Anheuser-Busch Cos. in St. Louis and hear that a foreign giant with a weird name is taking over your employer....
Posted on July 16, 2008 4:40 PM
Good roundup on integration challenges for the big beer deal went up on MarketWatch late Monday, though the word "daunting" in the headline may overstate the challenges just a little. InBev SA chief executive Carlos Brito and his team don't seem to daunt so easily, for better or for worse....
Posted on July 15, 2008 10:02 AM
Now that Carlos Brito and his deal team have won Anheuser-Busch Cos. -- to the disappointment of more than a few St. Louis locals, it seems -- our thoughts couldn't help but turn to integration. And with the size and scope of this $52 billion deal, there will be plenty...
Posted on July 14, 2008 4:00 PM
High-level strategy may make the headlines, but it's the behind-the-scenes work of the corporate development team that gets deals done. It's not always apparent, however, who those executives are. We're out to change that. Welcome to the first installment of "Deal Team," a new Corporate Dealmaker feature in which we'll...
Posted on July 8, 2008 4:18 PM
InBev SA CEO Carlos Brito, still campaigning to buy Anheuser-Busch Cos., has a new video out. It's available, like his two previous offerings on the U.K. based public relations site Cantos (registration required). Seems a little odd in this case, since the latest message is ostensibly for U.S. consumers, but...
Posted on July 1, 2008 10:50 AM
Good piece in the New York Times Friday morning examining one of the premises for InBev's pursuit of Anheuser-Busch Cos. A key part of InBev CEO Carlos Brito's proposal involves moving Bud through InBev's global channels and keeping St. Louis as "the global home of the flagship Budweiser brand."The question...
Posted on June 27, 2008 11:41 AM
Ever since rumors of Belgian brewer InBev SA making an unsolicited $46.3 billion cash offer for U.S. rival Anheuser-Busch Cos. first appeared, Missouri has shuddered. Politicians, A-B workers and a host of other people are still voicing concern. So as the folks over at Cantos.com informed us, InBev CEO Carlos...
Posted on June 20, 2008 4:25 PM
As we mentioned in a previous post, the folks at Cantos Communications Ltd. have posted an interview with InBev SA chief executive Carlos Brito talking about a possible InBev-Anheuser-Busch Cos. combination. He says plenty about the advantages and addresses concerns, but if you aren't able to watch it for yourself,...
Posted on June 12, 2008 10:06 AM
In case you haven't heard ... Belgian brewer InBev SA officially made an unsolicited $65 per share, or $46.3 billion, cash offer for U.S. rival Anheuser-Busch Cos. While the maker of Budweiser "carefully" evaluates the proposed deal that InBev CEO Carlos Brito calls an "industry-transforming event," our friends at...
Posted on June 12, 2008 9:14 AM
InBev NV, the Belgium-based brewer that brings you Stella Artois, Beck's, Brahma and a zillion other brands around the globe such as South Korea's high-alcohol Cass Red, became the world's largest brewer through a flurry of acquisitions. Along the way the company has amassed about 85,000 employees. But in this...
Posted on April 17, 2008 11:37 AM
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