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News Watch
- 10/17/2008 2:15:33 PM
By Chip Brian, SmarTrend Analytics Team
Early this morning, the U.S.'s largest beer brewer, Anheuser-Busch (NYSE:BUD), agreed to be sold to the Belgian beer-producing giant, InBev. InBev, the maker of Bass beer, confirmed financial details in a press release this morning. The all-cash acquisition values the company at $52 billion, or $70 a share. InBev has received about $45 billion in financing to fund the transaction. The combined company will be renamed Anheuser-Busch InBev and create the largest brewer in the world.
Contact Chip Brian
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