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After a month-long battle, brewers Anheuser-Busch Cos. Inc. and InBev
SA announced early Monday they have agreed to merge in a $52
billion deal.
It looks like Anheuser-Busch Cos Inc. and InBev NV will finally be able
to sit down and have that beer together after the Busch family
reportedly agreed to a $49.9 billion deal for the acquisition of the
last independent U.S. brewery at $70 a share on Sunday.
Citing a source close to the situation Reuters said: The combined company will be called Anheuser-Busch InBev, said the source, who agreed to speak on condition of anonymity. Anheuser will get seats on the new company's board, the source said, but it was not immediately clear how many.The deal brings to a friendly conclusion a hostile month of back and forth between the two companies, where Anheuser-Busch filed suits against its suitor; while InBev proposed its own slate of nominees for the its target's board. The two sides were able to make amends after InBev raised its offer to $70 a share late last week, the price that the Busch family, which controls the U.S. brewer had named as its selling price. InBev made an unsolicited offer of $65 a share on June 11. Anheuser-Busch vehemently resisted InBev's pursuit, prompting widespread speculation that the Belgian brewer of Stella Artois, Bass and Beck's would be forced to go hostile or raise its offer. Return to TheDeal.com for full coverage of this story throughout the day. - George White See Reuters story See story on TheDeal.com Categories Deal Video
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