Re: InBev in talks to sell Busch Entertainment
Media has a way of over dramaticizing things. Do you really think the media would have an "announcement" before an announcement?
Honestly this news really is no different than the news 2 months ago.
The thing I find amusing and ironic is what they have sold as parts of "non core assets". Has anyone noticed that so far the "non core" assets sold have been stakes of other beer companies? Makes you wonder what is exactly core to the beer company.
Bottom line is they got into courting AB when things were so-so but not bad.. Recovery was expected to be a bit easier than reality dictated. Now the economy has continued its downward trend, especially when it comes to prospective buyers, and since IB-ABs FY is in April, its making their debts more a reality. Now they are looking for anything and everything within financial reason to sell. So far.. parks havent been given the dollar amount desired. Until such time I expect a few more of the same articles..
Last edited by ridemcoaster, March 6, 2009, 2:57P
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