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Anheuser-Busch being sold to InBev for $52B
BRUSSELS, Belgium - Anheuser Busch Cos. said early Monday it had agreed to a sweetened $52 billion takeover bid from InBev, creating the world's largest brewer and heading off what was shaping up as an acrimonious fight for the maker of Budweiser and Bud Light beers. The deal, which would also create the third-largest consumer product company, will be called Anheuser-Busch InBev.The Anheuser-Busch board accepted the higher takeover offer Sunday night from Belgian-based brewer InBev SA, according to a joint press release."I think we're going to bring the best of both companies into one company, our footprint with their amazing brands," InBev CEO Carlos Brito said in a video posted on InBev's Web site. For InBev, the maker of Stella Artois and Beck's, the deal gives an aggressive company an iconic beer brand -- Budweiser -- to sell into emerging markets such as China and Brazil where it has already established a firm footprint. InBev is currently the world's second-largest beer-maker, just behind SABMiller. Swallowing Anheuser-Busch sees it leap ahead, capturing half of the U.S. beer market and a fifth of China and Russia. Posted by: tu3031 2008-07-14 |
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