Anheuser-Busch Agrees to InBev Sale

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BusinessAnheuser-Busch Agrees to InBev SaleAnheuser-Busch Agrees to InBev SaleThe Associated PressAnheuser-Busch agreed to be acquired by Belgian brewer InBev for about $52 billion in a deal that would shift ownership of the nation's largest brewer overseas and create the world's largest brewer. (July 14)It's a 52 billion dollar deal that could create the world's largest brewing company....Anheuser Bush and Belgian brewer InBev reportedly have agreed to join forces, finally completing a merger that has been in the works for moths.The deal still must be approved by shareholders and approve by regulators.Anheuser-Bush initially voted against the merger in June, saying InBev's 65 dollar per share offer was too low.But the maker of Stella Artois and Becks --- then came back to the table, upping their offer to 70 dollars per share to reach an agreement.Anheuser-Busch is by far the largest brewing company in the nation.... owning more than 48 percent of the market share. InBevs says it plans to use St. Louis as its North American headquarters, and will keep all 12 of Anheuser-Busch's North American breweries open...But they did not say if there will be layoffs. It's not clear how long approval might take from regulators and shareholders.Anheuser-Busch-InBev would be the new company's name --- if the final agreement is reached. ___ ___, The Associated Press.

Category: News
Uploaded: July 14th, 2008 @ 5:07 am
Author: AssociatedPress

Length: 01:04
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