Originally Posted by Kurts
I disagree, Franc. Of course the board/shareholders could just of said 'No' as easily as saying 'Yes'! If you dangle a big enough worm in front of a bass' mouth it's bound to bite eventually, cheap dollar or not. This wasn't a hostile take over by In-Bev. It was 52 billion buckeroos dangling in front of them. That's a lot of worms BUT if you don't want to sell you don't have to! I would think greed on the part of some shareholders & certainly the B.O.D.'s had PLENTY to do with it!
Kurts my friend, the board did say no. Resoundingly, emphatically, NO! But they then had to deal with the costs of fighting a hostle take over. The devalued American dollar and the needs of the shareholders made that a very costly , and risky, fight. Both companies looked at this and agreed a merger would provide a better outcome for everyone. They made about $13.00 more for every share of stock in stead of wasting billions in a proxy fight. A fight they couldn't win anyway.
My info is on this is not hearsay or even from the trades. It is from inside, very high up. Remember AB is from here. Trust me, there was no sellout for the cash on the part of the board members. They were quite responsible here, to the shareholders, the employees an quite honestly, the country.
roadster with a stick