Sunday, July 13, 2008

'Anheuser-Busch InBev' is the world's largest brewery

It's done. Anheuser-Busch has been sold.

From Reuters on Sunday evening just before 9PM:

U.S. brewer Anheuser-Busch Cos Inc agreed to be acquired by Belgium-based InBev NV for $70 per share, a source familiar with the situation said on Sunday.

Anheuser would have representatives on the board of the combined company, which was slated to be called Anheuser-Busch InBev, the source said. An announcement was expected on Sunday night.

At $52 billion dollars, it's the biggest purely cash business purchase ever.

Now, let the games begin: distribution networks, brands, employees, those craft breweries partially owned by Anheuser-Busch, the Department of Justice, etc.

A man walks into a bar. Do you have any Belgian beers, he asks? The bartender replies: Sure do. How about a nice cold Bud Light?

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