14 Jul 2008

Anheuser agrees to $US50b takeover - reports

2:11 pm on 14 July 2008

US brewer Anheuser-Busch Cos Inc has reportedly agreed to a $US50 billion takeover by Belgium-based InBev NV, creating the world's largest beer maker.

InBev, the maker of Stella Artois, and Budweiser-brewer Anheuser were not immediately available to comment.

The combined company will be called Anheuser-Busch InBev. Sources say Anheuser will get seats on the new company's board, but it was not immediately clear how many.

InBev last week raised its offer to $US70 per share from $US65 per share, a premium of 27% over Anheuser's record-high stock price in October 2002.

InBev last month said it would keep Anheuser's St. Louis home as the headquarters for the North American region. Anheuser's main Budweiser beer would also become the new company's "flagship brand."