Could the sale of an American icon benefit a few exchange traded funds (ETFs)?
Belgium company InBev recently made an unsolicited bid for Anheuser-Busch (BUD), and it has people torn.
While shareholders might find themselves unable to resist the offering for $65 a share, politicians are placing a higher premium on American jobs, reports Aaron Task for Tech Ticker.
And some just plain wonder about the idea of a distinctly American brand heading overseas (although, let’s be honest. It’s not really very good beer, is it?). What’s next…apple pie?
Anheuser-Bush is 3.2% of the FocusShares ISE SINdex (PUF), while InBev is 7.8% of the iShares MSCI Belgium Index (EWK). EWK is down 8.6% year-to-date; PUF is down 14.5% year-to-date. Anheuser-Busch shares shot up in trading yesterday.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.