I don't understand the huffing and puffing in some quarters about InBev's proposed acquisition of Anheuser Busch. To be sure, the weak dollar has enabled foreign investors to acquire US assets at bargain-basement prices. Nevertheless, the current hullabaloo reminds me of the uproar in the 80s over the acquisition of Rockefeller Center by Japanese investors. In general, the free flow of capital benefits all involved by promoting the efficient allocation of resources. Besides, the existence of acquisitive foreigners will motivate American managers to be leaner, smarter, and, dare I say in the case of Budweiser, better.
Thursday, June 12, 2008
Bud Goes Belgian
I don't understand the huffing and puffing in some quarters about InBev's proposed acquisition of Anheuser Busch. To be sure, the weak dollar has enabled foreign investors to acquire US assets at bargain-basement prices. Nevertheless, the current hullabaloo reminds me of the uproar in the 80s over the acquisition of Rockefeller Center by Japanese investors. In general, the free flow of capital benefits all involved by promoting the efficient allocation of resources. Besides, the existence of acquisitive foreigners will motivate American managers to be leaner, smarter, and, dare I say in the case of Budweiser, better.
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