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BUSINESS
October 3, 2009 | Stuart Pfeifer
SeaWorld in San Diego, the fourth-most-popular theme park in California, may soon have a new owner. Reports surfaced Friday that private equity firm Blackstone Group is closing in on a deal to buy 10 theme parks owned and operated by Anheuser-Busch InBev. Busch Entertainment Corp.'s largest parks include SeaWorld attractions in San Diego, San Antonio and Orlando, Fla., as well as Busch Gardens parks in Tampa, Fla., and Williamsburg, Va. The Wall Street Journal reported Friday that Blackstone Group is in the process of acquiring the theme parks for $2.5 billion to $3 billion.
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BUSINESS
February 5, 2014 | By Ricardo Lopez
The North American subsidiary of Anheuser-Busch InBev, maker of Budweiser and Stella Artois, is moving into the craft beer business, announcing Wednesday it will buy Blue Point Brewing Co., a N.Y. craft brewery.  Anheuser-Busch, based in St. Louis, did not disclose terms of the deal, but the move is the latest in efforts to expand AB InBev's footprint. AB InBev, based in Belgium, last month said it will buy back Oriental Brewery, a South Korean company, for $5.8 billion.
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BUSINESS
December 9, 2008 | Times Wire Reports
Anheuser-Busch InBev said it would cut about 1,400 U.S. jobs -- or an additional 6% of its U.S. workforce -- to help save the world's largest brewer at least $1.5 billion a year. It said three-quarters of the jobs cut would disappear from Anheuser's North American headquarters, at offices in downtown St. Louis and a campus in suburban Sunset Hills, Mo. A letter to employees said affected workers had not yet been notified, and they would probably be people who hold engineering, information technology and other corporate positions.
BUSINESS
February 27, 2013 | By Stuart Pfeifer
Already reeling from lawsuits that accused it of watering down the king of beers, Anheuser-Busch InBev, the world's largest brewer, delivered some more bad news: Profit is down, and sales in the United States are weak. The brewer said Wednesday that profit fell 4.9%  in the fourth quarter, and it forecast weak first-quarter sales volumes in the United States and Brazil. The company managed to offset a dip in sales volumes in the fourth quarter by hiking prices, leading to an 8.8% rise in revenue.
BUSINESS
February 27, 2013 | By Stuart Pfeifer
Already reeling from lawsuits that accused it of watering down the king of beers, Anheuser-Busch InBev, the world's largest brewer, delivered some more bad news: Profit is down, and sales in the United States are weak. The brewer said Wednesday that profit fell 4.9%  in the fourth quarter, and it forecast weak first-quarter sales volumes in the United States and Brazil. The company managed to offset a dip in sales volumes in the fourth quarter by hiking prices, leading to an 8.8% rise in revenue.
BUSINESS
November 10, 2011 | By Tiffany Hsu, Los Angeles Times
Bud Light Platinum, a long-germinating beer concept from Anheuser-Busch InBev that's not quite Bud Light and not really Budweiser, will finally hit stores in January. Belgium-based Anheuser-Busch, the world's largest brewer, said Wednesday that the new beverage "appeals to a key group of beer drinkers and expands consumer occasions" to drink beer. Platinum will have 6% alcohol by volume and 137 calories. Top-selling Bud Light, by comparison, has 4.2% alcohol and 110 calories, while Budweiser has 5% alcohol and 145 calories.
BUSINESS
February 1, 2013 | By Ricardo Lopez, Los Angeles Times
The Justice Department says it's looking out for America's beer drinkers. Officials filed suit Thursday against Anheuser-Busch InBev, the maker of Budweiser, seeking to block its purchase of Mexican beer maker Grupo Modelo, arguing that retail prices of suds would rise if the $20.1-billion deal were finalized. Last summer, AB InBev, which had a 50% noncontrolling stake in Grupo Modelo, maker of Corona Extra, offered to buy the rest of the shares at a 30% premium and had expected the transaction to close early this year.
BUSINESS
January 11, 2012 | By Tim Logan
After years of gaining ground, the Silver Bullet has finally caught the King. Coors Light outsold Budweiser last year to become the nation's second-most-popular brew after Bud Light, according to estimates by an industry trade publication. Beer Marketer's Insights reported this week that Anheuser-Busch InBev sold 17.7 million barrels of its flagship lager in the U.S., less than the 18.2 million barrels that beer drinkers bought of Coors Light. It marks the first time in nearly two decades that Anheuser-Busch hasn't claimed the two top spots on sales charts.
BUSINESS
November 19, 2008 | TIMES WIRE REPORTS
InBev formed the world's largest brewer Tuesday when it completed its $52-billion takeover of Anheuser-Busch Cos. The new company, named Anheuser-Busch InBev, will be headed by InBev Chief Executive Carlos Brito and will be headquartered at Leuven, Belgium.
BUSINESS
November 26, 2011 | By Todd C. Frankel
They wear jeans to work now. It no longer feels odd. They walk by flower beds that might not be tended as obsessively as in years past. Certainly fewer of them report to work each day at the St. Louis brewery and adjacent office building. Once the global headquarters of Anheuser-Busch, today it's the North American headquarters of Anheuser-Busch InBev. They still make big decisions in St. Louis, but now executives in New York City sometimes sign off on them too. This month marked the three-year anniversary since InBev took control of Anheuser-Busch in a $52-billion deal that rocked St. Louis, spreading justified fear of job losses and the anxiety that comes with losing control of a business widely considered a cultural institution.
NEWS
February 3, 2013 | By Jon Healey
Like many of you readers, I find a way to pass through the beer aisle just about every time I go to the supermarket. And over the years, I've seen lesser-known regional and imported brews take up an increasing amount of shelf space next to the Budweisers, Millers and Heinekens. So why is the Justice Department worried about a beer monopoly? The DOJ filed suit Thursday to block Anheuser-Busch InBev (maker of Budweiser, Beck's, Michelob and 43 other brands of beer) from buying Grupo Modelo (brewer of Corona, Modelo and six other brands )
BUSINESS
February 1, 2013 | By Ricardo Lopez, Los Angeles Times
The Justice Department says it's looking out for America's beer drinkers. Officials filed suit Thursday against Anheuser-Busch InBev, the maker of Budweiser, seeking to block its purchase of Mexican beer maker Grupo Modelo, arguing that retail prices of suds would rise if the $20.1-billion deal were finalized. Last summer, AB InBev, which had a 50% noncontrolling stake in Grupo Modelo, maker of Corona Extra, offered to buy the rest of the shares at a 30% premium and had expected the transaction to close early this year.
BUSINESS
January 31, 2013 | By Ricardo Lopez
The Justice Department has filed an antitrust lawsuit against Anheuser-Busch InBev, the maker of Budweiser, to block its acquisition of Grupo Modelo, maker of Corona, officials announced Thursday.  The department said the proposed $20.1-billion merger of the world's largest and third-largest beer makers would lead to an increase in retail prices to consumers. Anheuser-Busch InBev, based in Belgium, had a 50% non-controlling stake in Mexico-based Grupo Modelo before offering to buy the rest of the company last year.
BUSINESS
January 17, 2012 | By Tiffany Hsu, Los Angeles Times
Beer sales were lackluster in 2011, with the latest estimates showing U.S. shipments at their lowest levels since 2003 as major brewers such as Anheuser-Busch and Heineken USA experienced downturns. Worldwide, suds shipments were down 2.9 million barrels, or 1.4%, from 2010, according to the latest newsletter from trade publication Beer Marketer's Insights. Although the plunge in volume wasn't huge, the industry should take it seriously, the publication said. "Big brewers need to regain drinking occasions taken by spirits over the last decade, especially among Millennials," the group wrote in a recent blog post.
BUSINESS
January 11, 2012 | By Tim Logan
After years of gaining ground, the Silver Bullet has finally caught the King. Coors Light outsold Budweiser last year to become the nation's second-most-popular brew after Bud Light, according to estimates by an industry trade publication. Beer Marketer's Insights reported this week that Anheuser-Busch InBev sold 17.7 million barrels of its flagship lager in the U.S., less than the 18.2 million barrels that beer drinkers bought of Coors Light. It marks the first time in nearly two decades that Anheuser-Busch hasn't claimed the two top spots on sales charts.
BUSINESS
November 26, 2011 | By Todd C. Frankel
They wear jeans to work now. It no longer feels odd. They walk by flower beds that might not be tended as obsessively as in years past. Certainly fewer of them report to work each day at the St. Louis brewery and adjacent office building. Once the global headquarters of Anheuser-Busch, today it's the North American headquarters of Anheuser-Busch InBev. They still make big decisions in St. Louis, but now executives in New York City sometimes sign off on them too. This month marked the three-year anniversary since InBev took control of Anheuser-Busch in a $52-billion deal that rocked St. Louis, spreading justified fear of job losses and the anxiety that comes with losing control of a business widely considered a cultural institution.
BUSINESS
October 8, 2009 | Hugo Martin
Anheuser-Busch InBev reached an agreement Wednesday to sell its theme park empire, including SeaWorld in San Diego, to Blackstone Capital Partners for up to $2.7 billion. Under the deal, Blackstone will buy Busch Entertainment Corp., the nation's second largest entertainment park operator, for $2.3 billion in cash and the right to collect on Blackstone's return, capped at $400 million. Busch Entertainment Corp. operates 10 theme parks across the U.S., including SeaWorld parks in San Diego, Orlando and San Antonio and Busch Gardens parks in Tampa, Fla., and Williamsburg, Va. In total, the parks draw about 25 million visitors each year.
BUSINESS
January 31, 2013 | By Ricardo Lopez
The Justice Department has filed an antitrust lawsuit against Anheuser-Busch InBev, the maker of Budweiser, to block its acquisition of Grupo Modelo, maker of Corona, officials announced Thursday.  The department said the proposed $20.1-billion merger of the world's largest and third-largest beer makers would lead to an increase in retail prices to consumers. Anheuser-Busch InBev, based in Belgium, had a 50% non-controlling stake in Mexico-based Grupo Modelo before offering to buy the rest of the company last year.
BUSINESS
November 10, 2011 | By Tiffany Hsu, Los Angeles Times
Bud Light Platinum, a long-germinating beer concept from Anheuser-Busch InBev that's not quite Bud Light and not really Budweiser, will finally hit stores in January. Belgium-based Anheuser-Busch, the world's largest brewer, said Wednesday that the new beverage "appeals to a key group of beer drinkers and expands consumer occasions" to drink beer. Platinum will have 6% alcohol by volume and 137 calories. Top-selling Bud Light, by comparison, has 4.2% alcohol and 110 calories, while Budweiser has 5% alcohol and 145 calories.
BUSINESS
October 8, 2009 | Hugo Martin
Anheuser-Busch InBev reached an agreement Wednesday to sell its theme park empire, including SeaWorld in San Diego, to Blackstone Capital Partners for up to $2.7 billion. Under the deal, Blackstone will buy Busch Entertainment Corp., the nation's second largest entertainment park operator, for $2.3 billion in cash and the right to collect on Blackstone's return, capped at $400 million. Busch Entertainment Corp. operates 10 theme parks across the U.S., including SeaWorld parks in San Diego, Orlando and San Antonio and Busch Gardens parks in Tampa, Fla., and Williamsburg, Va. In total, the parks draw about 25 million visitors each year.
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