I think I am more concerned about what they might do with the theme parks.
Still no word on theme parks and entertainment reported, and seems like not much will be released until settlement moves forward through the next few months.
My interest is with Inbev's statement on keeping AB corperate operations in St. Louis. No word on theme parks operations, and I believe they were moved to Orlando, FL. from last I heard. Does this lead to any clues toward separation of brewery and entertainment?
As sad as I am to see Anheuser Busch not being American owned anymore, they did what they were suppose to do, increase shareholders wealth. With a $70 per share offer in cash to all shareholders, as much as I want, I can't see the shareholders rejecting the offer.
Oh and not much information about the theme parks but a article did mention this:
"There was no detail in the InBev release about the theme park operations which include Tampa's Busch Gardens and Adventure Island, and Sea World in Orlando."
And went on to say this:
"To finance the deal, some analysts have speculated A-B's theme parks, including Busch Gardens in Tampa, could be on the sale block. Kris Kippers, an analyst at Belgian brokerage Petercam SA, said InBev could receive about $2.9 billion if it sold Busch Entertainment Corp., the theme park division."
I just hope for the best when it comes to the Parks…
Personally, if the BEC parks aren't going to be run by the A-B board anymore -- and with InBev now in charge, they won't -- what's the point of keeping them in the fold? The key is keeping the current management team in place, along with the existing revenue expectations.
Ideally, they could move into another company that would be better prepared to protect those goals than InBev would. The question is, does that option exist? If not, I hope that InBev would be in financial position to give holding on to the parks a try.
I sure hope that the theme parks don't go downhill if they are sold. BEC has done an excellent job over the years with all of their parks. I'd hate to see it go into the wrong hands.
I remember when Comcast made its RIDICULOUS attempt to take-over Disney. At a meeting with business media at the Disney's shareholders a Disney shareholders conference, CEO Michael Eisner was asked about the take-over attempt. His response (paraphrased) "Mergers and aquisitions? Oh yeah. We're thinking of taking over Comcast."
BUDWEISER, the American Beer..
...LMAO, that will come down soon.....
..., Commercial on TV the other day, less than a week ago, with August Busch the 85th (Hee hee), American Company, proud Family Run, guess I won't see that one again.
Bad news as I just started to like Bud and its beers (Thanks to SeaWorld), but you never know, might surprise us. Who knows, if they sell off maybe Universal might put an offer in, Busch isn't running at a loss so could be a good Investment for Uni to compete with Disney.
Their portfolio would then be amazing, and even if they just owned Busch Gardens Africa, SeaWorld, Discovery Cove and Aquatica, it would be a major boost in the fight of control over O-Town.
Disney has 4 parks, 2 water parks and DTD, Universal could realistically have 2 waterparks and 4 theme parks, plsu Discovery Cove.
Wouldn't be the worst option in the world, as long as they maintain the current Management and don't try and change too much.
Can't see the hospitality buildings lasting in any Seaworld or Busch parks whichever route or owner shows Interest. I highly doubt InBev will leave that as an option!
Fingers crossed for a bright future for all AB parks!
There is one thing that may keep the AB parks as they are...
Who's gonna buy them?
Disney? You're dreaming people
Universal? You're still dreaming
Cedar Fair? Probably would consider if they weren't saddled with the Paramount Debt, but not really in a financial position to buy. They won't bite...unless they want to be the next Six Flags.
Six Flags?- HA!
Aside from another corporation getting into the business, which in today's economy is unlikely, that leaves one.
Anybody here ever heard of PARC?
They are the company that scooped up most of the smaller Six Flags parks that were sold a couple years back, as well as some smaller amusement ventures around the country (water parks...etc). What I don't know is how much financial clout they have. While I don't think this would be feasible for them moneywise, an acquisition like this is enough to send them straight to major player status.
Still, given the position of the companies capable of the money, the AB parks may remain in the hands of the company by default, and I hope that InBev knows that keeping a profitable, highly successful division of the company is a good thing.
As for the merger itself, I personally don't like any of their beers, and I think that the theme parks are a far better product than their brew. However, I have to say that I'm quite disappointed that another red blooded American company with A-B's history has sold itself out to the highest international bidder. I suspected that all of the Americana propaganda put out by A-B was partial BS all along...believed in a little but mostly put together to sell beer to the simple patriotic man. I guess I was wrong...it was total BS. A-B's "American Pride" has been bought and paid for with the almighty dollar.
Shareholder value is maximized by selling the company out from under the stockholders. The dollar, near all-time lows, makes $70 a share worth 43.75 Euros. Blame someone...
Inbev will take AB apart, barrel by barrel, just to remove the competition. So-called "Promises" to keep breweries open are just like the "forward looking statements" disclaimer says -- pure pablum to placate stockholder consciences, and subject to being ignored at Inbev's convenience.
I can hear Belgians snickering all the way to the bank...