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?
Previous, related posts:
- Bye, Bye Bud? [13 July 2008]
- And so it may go, for Bud [6July 2008]
- MillerCoors (and BevBud?) [02 July 2008]
- Don't Cry For Me, Saint Louis. [29 June 2008]
- A-B vs. Interbrew: The battle is joined. [26 June 2008]
- Will InBev's Bud hurt craft brewers? [15 June 2008]
- It's now a matter of dollars and euros at Anheuser-Busch [12 June 2008]
- A-B deathwatch: 1 June
- Bud to be sold? part3
- Bud to be sold? part2
- Budweiser for sale?
- InBev now world's largest brewer (over A-B)