A Beer Hall Brawl for Third Place

Heady fights for control of Schlitz and Pabst

Something is dreadfully wrong in the Milwaukee beer-brewing business.

Last year a giant downtown Schlitz sign was replaced by one bearing the Budweiser label of St. Louis' Anheuser-Busch. That is a little like erecting a flashy Toyota sign atop the Fisher Building in Detroit. After all, Schlitz was "the beer that made Milwaukee famous."

The famous Milwaukee brewers have fallen on hard times. Schlitz no longer makes beer there. Takeover battles simmer among the suds, and mutinous stockholders threaten to dislodge entire boards of directors in nasty...

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