Missouri has taken two big hits during the weekend.
Anheuser-Busch’s board of directors has decided to accept a 52-billion dollar offer from InBev after InBev sweetened the pot by several billion dollars. Shareholders are expected to agree to the deal. The new company will be called Anheuser-Busch InBev. A-B’s CEO August Busch IV and another current or former member of the Anheuser-Busch board will be part of the new board. The new company will control about one-fourth of the world beer market. The companies had almost 40-billion dollars in sales last year with profits of almost seven billion dollars.
Canadian aerospace company Bombardier says it will not build a new factory in Kansas City. It’s going to build it in a suburb of Montreal, the company’s home city. State leaders had hoped Bombardier would build the plant at Kansas City International Airport and create more than two-thousand jobs. The legislature approved a new-approach tax incentive package for the proposed deal during this year’s session. But Bombardier has been under intense pressure from Canadian interests to stay at home. Last week, key unions made special concessions.