ANHEUSER-BUSCH AGREES TO $50 BILLION TAKEOVER BID BY BELGIAN BREWING GIANT INBEV; THE DEAL IS REPORTEDLY $70 PER SHARE

On July 13, 2008, the Wall Street Journal reported that Anheuser-Busch has agreed to to be acquired by Belgian Brewing Giant, InBev, for a sweetened offer of $49.91 billion.

The InBev offer is reportedly $70 per share, somewhat higher than its previous offer of $65 per share that was quickly rejected by Anheuser-Busch in June. At the time, InBev threatened suit.

Anheuser -Busch is the number one brewer in America, controlling 50% of the US market alone, and InBev's purchase of Anheuser-Busch will create, by far, the largest brewery conglomerate in the world.

This is big news in St. Louis, Missouri, the home of Anheuser-Busch. It is equally big news in the international beverage industry. Of course, neither company is exclusively a brewer.

Here is the Reuters' release (Business Feed Article | Business ).