CENTER STORE

Shareholders of InBev support Anheuser-Busch takeover

BY Jenna Duncan

LEUVEN, Belgium Shareholders of European beverage giant InBev Monday voiced support for the $52 billion buyout offer made for U.S. brewer Anheuser-Busch.

InBev shareholders also okayed changing the name of the new-formed mega-company to  Anheuser-Busch InBev, as well as an increase in capital and share issue that could bring in around $10 billion.

On the U.S. side, InBev chief executive officer Carlos Brito assured A-B employees that the new company would take strides to protect U.S. jobs, and not unduly shut down operations at A-B 12 breweries, as long as “there are no new or increased federal tax or state excise taxes or unforeseen extraordinary events that would negatively impact A-B’s business. … We are very pleased to complete this important milestone and we remain on track to close the transaction by the end of the year,” Brito said in a statement.

To close the deal, approval will have to be met by Anheuser-Busch shareholders and market regulators.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
CENTER STORE

Dr Pepper Snapple Group names new chief marketing officer, other shifts in management

BY Jenna Duncan

PLANO, Texas Dr Pepper Snapple Group has announced a change to its managerial lineup; former senior vice president of marketing Jim Trebilcock has been bumped to the position of chief marketing officer, the company has said. Other management adjustments have also been made in the course of a wider reorganization effort, according to reports. Trebilcock, a 21-year veteran, will now report to president and chief executive officer Larry Young.

In other moves, former executive vice president of marketing and research and development, Randy Gier, has parted from the company; Rodger Collins assumes the lead of DPS’ finished-goods business; Mexico and Caribbean divisions president, Pedro Herran, will now also take on heading corporate strategy; and vice president of corporate communications Tina Barry will also take on a new corporate affairs role. Other management moves also will effect supply chain operations and other marketing divisions.

Dr Pepper Snapple Group currently ranks as No. 3 in the U.S. carbonated soft drink business, following Coca-Cola Company and PepsiCo. Reports have stated that DPS’ annual sales total around $5.7 billion.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
CENTER STORE

Studies of green tea show myriad of health benefits

BY Jenna Duncan

SEATTLE According to researchers, not only is green tea an excellent source of antioxidants, it can also help with things like maintaining cholesterol, burning fat and calming nerves, researchers at the Fred Hutchinson Cancer Research Center, as well as researched at the University of Seattle have said.

Green tea contains a mild dose of caffeine which can stimulate the brain. It also contains thiamine, or vitamin B, which can benefit regular drinkers by improving cognitive functions and giving the drinker more energy, reports said.  

Research also indicated that women who rink green tea regularly had a 54 percent decreased risk of ovarian cancer. Hutch Center scientists said that green tea contains high levels of EGCG, or epigallocatechin-3-gallate, which not only has been shown to help prevent ovarian cancer, but other forms such as breast cancer and colorectal cancer, as well.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?