davieG Posted 14 July 2008 Posted 14 July 2008 The US brewer Anheuser-Busch has agreed to be taken over by Belgium-based InBev, in a move that will create the world's largest beer maker. The $52bn (£26bn) takeover bid by InBev, which makes Stella Artois beer, was accepted by Anheuser's board. The combined company will now be called Anheuser-Busch InBev. Anheuser makes Budweiser - the most popular beer in the US - and some US politicians had expressed anger at the prospect of a foreign takeover. 'Unrivalled brands' In a concession to political concerns about the deal, Budweiser's headquarters will remain in St Louis, Missouri while none of Anheuser's US breweries will be closed. COMBINED BRAND MENU Stella, Budweiser, Beck's, Hoegaarden, Leffe, Brahma, Staropramen, Michelob, Rolling Rock InBev is offering to pay $70 a share for Anheuser in a deal which must be approved by shareholders of both businesses. The combined business will have annual sales of $36.4bn, equivalent to 46 billion litres of beer a year. It will bring a host of popular brands including Beck's, Hoegaarden and Staropramen - in addition to Budweiser and Stella - under one roof. InBev, itself formed by a giant merger several years ago, described the deal as "historic". "Together, Anheuser-Busch and InBev will be able to accomplish much more than each can on its own," said InBev boss Carlos Brito, who will become chief executive of the new firm.
Guest Posted 14 July 2008 Posted 14 July 2008 Goes down like water. Ever wondered why? Beaten to the line!!
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