The King is gone!
St. Louis - According to TV, magazines and newspaper reports, Anheuser-Busch Cos. Inc.(A-B) sold to InBev for $49.9B
It many not have been too hard for Anheuser-Busch Cos. Inc.'s board of directors to vote Sunday, July 13, in favor of Belgian brewer In- Bev's $49.9 billion takeover offer.
A number of reports surfaced last Friday that A-B's board was ready to accept the offer from InBev, which boosted its offer by $5 to $70 a share in an effort to seal a friendly deal and create the world's largest brewer. In- Bev, brewer of Stella Artois, unveiled its original $46.3 billion, $65-a-share offer in June, a number the brewer of Budweiser dismissed as insultingly low.
Another source reported that the joined company, which is slated to house its North American headquarters in St. Louis, will be called Anheuser-Busch-InBev.
The deal came after a month of hostility between America's largest domestic brewer and the Belgian giant, paving the way for the creation of the world's largest beer company with a quarter of the global market. That is a lot of beer.
The reports indicated that St. Louis-based Anheuser- Busch Cos. Inc. (NYSE: BUD), through its Anheuser- Busch Inc. subsidiary, is the leading domestic brewer, holding a 48.5 percent share of U.S. beer sales. The company also manufactures and recycles aluminum cans and operates theme parks.
Another American company to another country. This American company just tuned over 48.5 percent share of U.S. beer sales to Belgian.









