I have watched as the Japanese purchase vast holdings in US real estate, the Chinese have established a significant presence in our financial institutions and the Germans purchased a major American auto maker. But now they have gone too far.
Belgian based InBev NV has announced their agreement to purchase the Anheuser-Busch Companies in a 52 billion dollar deal. < details>
Anheuser-Busch and their banner product Budweiser has positioned themselves as an American institution for generations. It bothers me to see a foreign takeover of the company.
I can’t help but think that the current political and tax climate in this country is a disincentive to entrepenureal ownership and expansion. I believe the major families who have built great corporations here are deciding that it just isn’t worth it anymore and are cashing out.
This is not a healthy trend for the USA. I have read that Senator Obama views the takeover negatively – but it is, in my view, his possible election and the Democrat Congressional majorities that make August Busch IV view this business deal as an idea whose time has come.
When I think of an America Tradition, I think of the sentimental and moving Budweiser ad spot in response to 9/11 found on You-tube.com (video is 1 minute). I wonder how this fits into InBev’s advertising concept.
My source: http://www.youtube.com/watch?v=ddlaE5a-SI4
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