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Posted July 07, 2008 by publisher in US Embargo

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By Jessica Hall | Reuters

Anheuser-Busch Cos Inc on Monday raised the political and emotional stakes in its fight against an unwanted $46.3 billion takeover bid by highlighting its foreign suitor’s ties to Cuba.

Belgium-based InBev NV wants to buy Anheuser-Busch to create the world’s largest beer brewer, but its overtures have been rejected repeatedly by the St. Louis-based brewer of Budweiser. InBev on Monday moved ahead with plans to try to replace Anheuser-Busch’s board with its own nominees.

In rejecting InBev’s offer as too low and uncertain, Anheuser-Busch on Monday also called attention to InBev’s operations in Cuba.

InBev, through a subsidiary, has a partnership with the government of Cuba to produce and distribute products in Cuba, Anheuser-Busch said.

“InBev has not commented on how that would impact business with Anheuser-Busch’s customers, nor on its ability to complete an acquisition under U.S. laws that affect acquisitions of U.S. companies by foreign companies,” Anheuser-Busch said.

U.S. companies are barred from doing business with Cuba under most circumstances.

“It’s actually a brilliant but desperate move,” said Anthony Sabino, Professor of Law and Business at St. John’s University in New York.

“This won’t win Anheuser-Busch’s case in defending against the deal, but it’s another obstacle to toss out there for InBev to jump over and keep InBev distracted.” 

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  1. Follow up post #1 added on July 09, 2008 by HavanAndrew with 87 total posts

    Where will it all stop? At some point a good with any component such as raw material or integral component that comes from the U.S.A. yet the end good is manufactured in another country will not be allowed. Or how about if an American works for a foreign company that could be considered partial American content.

    How about all of the Chinese goods manufactured by Mao Incorporated for both the U.S.A. and the rest of the world. The embargo has only made Cuba stronger, a nation that will be able to survive the new realities of the world while the U.S.A. will struggle as an oil hungry spoiled brat. The U.S.A. better get over itself before it is too late or even better, it becomes the cheap labour force for China.

    Wake up America, Cuba can be the sugar cane ethanol producing force that you need. Ten times more efficient than the crazy corn based scenario. Being the enemy of the rest of the world is having a serious effect on your own population, liberate your citizens, truly let them be a part of this world again. Let them embrace new friends in Cuba, that still like you for some crazy reason. Politicians aside.


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