Most college students would come to a consensus that Bud Light and Miller Lite are pretty much the alcoholic versions of Coke and Pepsi, two rivals, with different tastes. Well, it might not be that way any more (in regards to being rivals). Brewery conglomerate Anheuser-Busch InBev (Belgian multinational brewer which consists of notable beers such as Budweiser, Corona, and Stella Artois among many others) who already has 25% of the market share, has approached SABMiller (Miller, Foster's) with interest in possibly taking over, putting these two giants under the same roof.
First of all, is there any spirit anymore? Any pride? I grew up watching these two companies go head to head, and now they are teaming up. It goes against everything they used to stand for. Not only does this harm the consumer, by the possibility of higher prices, and the minimization of competition, with a chokehold on the market (these two account for three quarters of America's market share) but also it just shows how strong companies can become if they throw around a few billion dollars. There is just a never ending hunger for expansion. However, antitrust regulators still have to take a look at this deal before it goes through, so nothing is close to being set in stone.
by Jack Denison
Info from:
Bray, Chad, and Michael J. De La Merced. "Anheuser-Busch InBev Approaches SABMiller on Possible Takeover." The New York Times. The New York Times, 16 Sept. 2015. Web. 17 Sept. 2015.
by Jack Denison
Info from:
Bray, Chad, and Michael J. De La Merced. "Anheuser-Busch InBev Approaches SABMiller on Possible Takeover." The New York Times. The New York Times, 16 Sept. 2015. Web. 17 Sept. 2015.
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