Anheuser-Busch Sold to InBev

By Eric on July 14, 2008

Does anyone know how to say “Wassup” in Dutch?

Anheuser-Busch agreed on Sunday night to sell itself to the Belgian brewer InBev for about $52 billion, putting control of the nation’s largest beer maker and a fixture of American culture into a European rival’s hands.
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The all-cash deal, for $70 a share, would create the world’s largest brewer, uniting the maker of Budweiser and Michelob with the producer of Stella Artois, Bass and Brahma. Together, the two companies would have sales of more than $36 billion a year, surpassing the current No. 1 brewer, SABMiller of London.

The combined company is expected to be named Anheuser-Busch InBev, fulfilling a promise by the Belgian company to include the Anheuser name in the new brewer’s title, people briefed on the matter said. Anheuser will be given two seats on the board, including one for August A. Busch IV, the company’s chief executive and a scion of its controlling family.

Tags: Anheuser-Busch, beer, Budweiser, InBev

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