Thursday, June 26, 2008
Forget InBev - Busch May Sell Theme Parks Itself
Yikes! I was worried about what InBev might do. Now it looks like Busch itself may spin off its theme parks (emphasis mine).
In an effort to justify rejecting InBev’s $65-a-share bid, Anheuser-Busch is expected to announce an extensive reorganization aimed at bolstering profits that will include cutting more than $500 million in costs, these people said.
The savings will come from reducing marketing expenses and possibly shedding assets like its Busch Gardens theme park business and its packaging unit.
