InfoAnda - Brewer InBev completes takeover of Anheuser-Busch

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Brewer InBev completes takeover of Anheuser-Busch AFP - Wednesday, November 19 BRUSSELS (AFP) - - Belgian brewing giant InBev on Tuesday announced it had completed the takeover of Anheuser-Busch to create the world's biggest brewer. "Effective today, InBev has changed its name to Anheuser-Busch InBev to reflect the heritage and traditions of Anheuser-Busch," Inbev said in a statement, after shareholders of both companies approved the deal. Under the terms of the merger agreement, shares in Anheuser-Busch were to be bought for 70 dollars each, for a deal totaling 52 billion dollars (41.1 billion euros). While ending Anheuser's roughly 150 years of independence as a premier American brewer, the deal creates not only the world's largest beer company but one of the top five consumer goods groups in the world. The new company will have net sales of about 36 billion dollars a year, offering consumers about 300 brands, including Anheuser's Budweiser and Bud Light, and InBev's Stella Artois and Beck's. "By bringing together these two great businesses, we have created a stronger, more competitive global company with a leading international brand portfolio and distribution network, and great potential for growth all over the world," Anheuser-Busch InBev chief Carlos Brito said in the statement. On Friday, the US Justice Department lifted a key regulatory hurdle to the takeover, saying that it would clear the move pending the divestiture of InBev's Labatt USA beer brand. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A bottle of Budweiser beer. Belgian brewing giant InBev announced it had completed the takeover of Anheuser-Busch -- who own Budweiser -- to create the world's biggest brewer. Most Popular – Top Stories Viewed Citigroup to slash 50,000 jobs, expenses worldwide Exercise, sleep cuts cancer risk: study Obama and McCain pledge 'new era of reform' Acinetobacter is emerging hospital superbug: study Earth would be heading to a freeze without CO2 emissions View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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