As the drama surrounding the suit store continues — from firing its founder to poor quarterly results to a takeover battle with Jos A. Bank — puns on “you’re going to like the way you look” got more action on Twitter than a rental tux during prom season.
It is only Act I, but the battle between the board of Men’s Wearhouse and its recently fired founder George Zimmer has already been uncommonly ugly. But the corporate bloodletting is only beginning.
After lengthy negotiations, Belgian beverage giant InBev acquires Anheuser-Busch to create world’s largest beer maker. While the final decision is yet to be made, the talking heads are all saying that InBev’s hostile offer of $65-a-share will be much too low for the board to consider. That said, let us toast to the news and enjoy the heavenly delights of the “King of Beers.” Update: In response to Anheuser-Busch’s refusal, InBev is raising the pressure by moving to oust the company’s board and deal directly with shareholders. If InBev can secure a majority support, the company can move ahead with takeover plans. Update 2: InBev raises their offer to $70 a share, or $50 billion, in an effort to reach a friendly agreement. Update 3: InBev and Anheuser-Busch reach an agreement for $70 a share, creating the world’s largest beer maker.
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