Anheuser-Busch Sells
Posted by Foobooz on July 14th, 2008
If you haven’t been following the story closely (and even if you have) you may be surprised to learn that Anheuser-Busch has sold itself to Belgian mega-brewer InBev.
Anheuser-Busch has agreed to sell itself to the Belgian brewer InBev for about $52 billion, the two companies confirmed Monday in a joint release, putting control of the nation’s largest beer maker and a fixture of American culture into a European rival’s hands.
The board of both companies have approved the deal, the statement said.
The all-cash deal, for $70 a share, will create the world’s largest brewer, uniting the maker of Budweiser and Michelob with the producer of Stella Artois, Bass and Brahma. Together, the two companies would have sales of more than $36 billion a year, surpassing the current No. 1 brewer, SABMiller of London.
What might be more amazing though is what this does to the American Brewing landscape as Sam Adams moves up to biggest US owned brewer with Yuengling, number two!
Anheuser-Busch Agrees to Be Sold for $52 Billion [New York Times]
The Earth Shifts [Liquid Diet]
Related Tags: Beer
