Anheuser-Busch InBev now reality
St. Louis Business Journal
Belgian brewer InBev announced Tuesday that it has completed its $52 billion purchase of Anheuser-Busch Cos. Inc. Effective today, the combined company is named Anheuser-Busch InBev and ranks as the world's largest brewer.
Anheuser-Busch shareholders approved the deal Wednesday; InBev shareholders did so Sept. 29.
The combined company is one of the world's top five consumer products companies. Under the terms of the deal, all shares of Anheuser-Busch will be acquired for $70 per share in cash.
Starting Nov. 20, the company will trade under the new ticker symbol ABI on the Euronext Brussels stock exchange.
In a release, InBev said Anheuser-Busch has become a wholly owned subsidiary of Anheuser-Busch InBev and will retain its current headquarters in St. Louis, which also will become the North American headquarters for the combined company.
Carlos Brito is CEO of Anheuser-Busch InBev.
August Busch IV, president and CEO of Anheuser-Busch, will be a director of the newly combined company, but will give up his day-to-day role. Dave Peacock, Anheuser-Busch’s vice president of marketing, was promoted to be president of Anheuser-Busch.
Wyeth (NYSE: WYE - News) will replace Anheuser-Busch Cos. Inc. (NYSE: BUD - News) in the S&P 100, Standard & Poor's said Monday.
Anheuser-Busch holds a 48.5 percent share of U.S. beer sales. It owns 50 percent of leading Mexican brewer Grupo Modelo and a 27 percent share of top Chinese brewer Tsingtao. The company also is one of the largest theme park operators in the United States, is a major manufacturer of aluminum cans and one of the world’s largest recyclers of aluminum cans.
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