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 Warren Buffett, who is famously known for investing in family-owned American iconic-branded companies, now looks like he may be cashing out by helping to sell family-owned businesses. InBev SA's deal for Anheuser-Bush Cos. will result in a $770 million profit for Berkshire Hathaway Inc., according to The Financial Post.
Buffett
apparently was one of the influential shareholders that was pressuring
Anheuser-Busch management to accept InBev's $52 billion dollar
takeover offer, according to a note by Argus Research Co. analyst
Erin Smith. Alan Thomas,
a senior manager at Deloitte Consulting LLP, was sure Buffett would
have a say of when and how the deal went down because Berkshire is the
second-largest shareholder, owning over 5% of Anheuser-Busch. Barclays plc is the largest, holding over 6%.
Buffett has been behind the sales of several U.S. iconic family-owned companies recently. He helped finance both the $23 billion Mars Inc.-Wm. Wrigley Jr. Co. deal and the $18.8 billion Dow Chemical Co.-Rohm and Haas Co. deal. Buffett is also exploring European family opportunities (perhaps because the value of the dollar has dropped). Who knows what other iconic U.S. family-owned businesses could be next on his portfolio list? - Maria Woehr Dow Chemical in $18.8B deal for Rohm and Haas Is Buffett behind Anheuser-Bev? InBev and Anheuser-Busch in $52B deal Buffett's European vacation Categories Deal Video
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