Anheuser - Anheuser-Busch accepts $52 billion InBev offer...

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Anheuser-Busch accepts $52 billion InBev offer July 14, 2008 Anheuser-Busch Cos. has approved a $52 billion takeover bid by InBev in a deal that will create the world's largest beer maker and transfer ownership of the iconic American brewer to the Belgian-Brazilian giant. The new company, to be called Anheuser-Busch InBev, would have had net sales of about $36.4 billion in 2007. Anheuser-Busch and Belgian-based InBev together operate 300 brands, including Anheuser's Budweiser and Bud Light and InBev's Stella Artois and Beck's. Anheuser-Busch shareholders will receive $70 per share in cash, for an aggregate equity value of $52 billion, in an industry-transforming transaction. On the New York Stock Exchange, shares of Anheuser-Busch shares moved further toward the $70 mark, rising 37 cents to close at $66.87. Administration InBev's chief executive, Carlos Brito, who was appointed on this positions at December 2005 would be CEO of the combined company. Anheuser-Busch Chief Executive August Busch IV and one other current or former director would join the InBev directors on the new board. April 24, 2002 The Board of Directors of Anheuser-Busch Companies Inc. (NYSE:BUD) has named Patrick T. Stokes as President and Chief Executive Officer of the corporation, it was announced today. Stokes succeeds August A. Busch III, who continues as Chairman of
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This note was uploaded on 12/01/2011 for the course ACCOUNTING ac574 taught by Professor Larson during the Spring '11 term at Everest University.

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Anheuser - Anheuser-Busch accepts $52 billion InBev offer...

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