A company in Belgium is in the final steps to buy out Anheuser Busch Company.
BRUSSELS, Belgium (AP) - The maker of the King of Beers has agreed to go to work
for the Belgian brewer InBev SA. Anheuser Busch Cos. said early Monday it had agreed to a sweetened $52 billion takeover bid
from InBev, creating the world's largest brewer and heading off what was shaping up as an acrimonious fight for the maker
of Budweiser and Bud Light beers. Inbev brands include Stella Artois, Beck's and Bass.
The deal, which would also create the third-largest consumer product company, will be called Anheuser-Busch
InBev.
The Anheuser-Busch board accepted the higher takeover offer Sunday night from Belgian-based brewer InBev SA,
according to a joint press release. The deal is expected to close by year-end.
"What consumers care is that their Bud will always be their Bud, and that's what we're committed to, not only
the product, the quality, the beer ... but also the heritage, the breweries, who brews the beers, and everything that's connected
to the breweries," InBev CEO Carlos Brito said in a media conference call.
For InBev, the deal gives an aggressive company an iconic beer brand—Budweiser—to sell into emerging
markets such as China and Brazil where it has already established a wide network.
So, would we be drinking one of those
FINE IMPORTED BEERS?????
In case you didn't know, this is all part of a hugh buying spree of US companies
by foriegn interests. The US dollar is so low, they can buy almost twice what they could before with their money.
