OK- I wasn't the only one that thought the AB buyout to ImBev was crummy....but I knew that the "happy" crap about a great "merger" was just that ....crap.
I am not a fan of mergers. They are a financial opportunity for the few and mostly leave a mound of DEBT that needs to be paid back. Only two ways to pay your debts.....Bring in more revenue or CUT COSTS. I was amaazed at the number of people that thought that everything would be OK at AB. We were the King Of Beers remember!
Well.....the cutting has begun. The papers say there will be 1,000 people laid off in the next few weeks. I spoke with two AB people that confirmed that it will be more like 1,400....and that's just the first wave. They expect another 1,500 by spring.
In my opinion, sooner or later we will we spin offs of differnt companies or brands by Imbev. They will need to continue to raise money to pay off an enormous amount ofd debt. Maybe they will sell bak Rolling Rock to the town of Latrobe. I am sure all of the laid off workers would be happy to start up again. (Little ironic about Rolling Rock.....AB took them over and then closed everything, keeping just the name and green bottle)
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