And So It Begins

[Hydrilla Gorilla]

Busch Theme Parks are on the chopping block

Some Virginia leaders expressed concerns about the impact in Virginia of InBev NV's buyout of Anheuser-Busch Cos.

"It's a jolt," said Hugh Keogh, president and chief executive officer of the Virginia Chamber of Commerce. "We have a great regard for [Anheuser-Busch]. I hope there won't be any distraction or disruption of employment."

The companies said today they will sell off “noncore assets” that they would not name to raise some $7 billion to finance the deal. InBev will also borrow $45 billion and plans to issue new shares to raise another $9.8 billion.
Keogh said Anheuser-Busch has been a significant investor in Virginia for nearly four decades, and that he hopes that continues.

In addition to its Williamsburg-area brewery, Anheuser-Busch also owns Busch Gardens and Water Country USA amusement parks and Kingsmill Resort in the area. Those attractions have brought in tourists and are a good marketing tool, said Clyde Haulman, vice mayor of Williamsburg.

"What are they going to do now? That's the question," he said. "For us, that sort of synergy between the various components has been important for this community and its base economy. If those split in some way, what is that going to mean for the role that they've played in the past?"

[Jiggernaut]

That's fairly typical in a huge transaction such as this. Big company buys another big company for an enormous amount of money. The new owner, in order to offset the expense of the purchase, divests the company by selling off several of its pieces. In some cases they can recoup a large percentage of their purchase price and still own the core business.

In otherwords, the parts for a car would cost way more if purchased individually, then when bought as the entire package.....

It sucks, in this case, since it's an American Co. being subjected to this, but it does happen alot with most of it happening without most knowing anything about it....

[Hydrilla Gorilla]

You aren't telling me anything I don't already know, but for all those who think this sale is a good thing just because the stock sold for $70 a share are failing to see the full scope of the fall out.

[War Eagle1]

I wonder how long before bud racing is gone also. Bud has sponsored racing for over 40 years

[R.D.]

YEAH...............but the Shareholders will benefit from it right?

[sclark]

Maybe Dale Jr. got out at the right time... if budwiser pulls its NASCAR sponsership, momma may have to look for a new job :-)

[hooks2bset]

[PII Magnum]

[Bigbassbo]

someone somehwere where is gettin rich. Who cares about american tradition