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Anheuser-Busch agrees to $52B takeover

by EverythingFinance | July 14, 2008 at 11:12 am | 90 views | add comment

The maker of the King of Beers has agreed to go to work for the Belgian brewer InBev.

Anheuser Busch Cos (BUD, Fortune 500). said early Monday it had agreed to a sweetened $52 billion takeover bid from Inbev, heading off what had promised to be a long and acrimonious fight for the maker of Budweiser and Bud Light beers.

The deal would create the world's largest brewer and the fourth-largest consumer product company under the name of Anheuser-Busch InBev.

The board of directors of Anheuser-Busch Cos. Inc. on Sunday accepted a sweetened takeover offer from Belgian brewer InBev SA, according to a joint press release.