Sunday, May 25, 2008

Beer News

1) The big story in the beverage world this week has been the rumored unfriendly Anheuser-Busch takeover aspirations of Belgian-based InBev.

Reportedly, a $50 billion offer was made for Anheuser-Busch but CEO August Busch IV has already said that it wasn't going to happen on his watch.

To further stave off an unsolicited bid from InBev, Anheuser-Busch is now contemplating a buyout of Mexican brewer Grupo Modelo, the maker of Corona Beer. Analysts say Anheuser would thus be too expensive for InBev.

2) Meanwhile, popular Beer Magazine has announced that Philippines-made San Miguel is the best-tasting beer in Asia after it beat major brands from China, Japan, Indonesia, Thailand and Singapore. San Miguel Pale Pilsen topped the other Asian brands in appearance, aroma, taste and finish.

3) Starting this coming Wednesday is the Montreal Beer Festival where Canadians and visitors can sample a variety of more than 450 beer brands. The festival, locally called Liverdance, runs through next Sunday.

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