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InBev SA formed the world's largest brewer Tuesday when it completed its $52 billion (euro41 billion) takeover of Anheuser-Busch Cos. Inc.
The Justice Department approved a $52 billion beer buzz Friday, allowing Belgium-based InBev SA to buy out Anheuser-Busch and create the world's largest brewer.
InBev SA shareholders on Monday backed the company's $52 billion takeover of Anheuser-Busch — a deal that would form the world's largest brewer under the name Anheuser-Busch InBev.
The King of Beers, the folks who spent lavishly to bring you the Bud Bowl, the Talking Frogs, the Whassup Guys and the Clydesdales, is being swallowed by a Belgian brewer known for its frugality.
The battle for America's iconic beer turned nasty Monday, with brewer Inbev escalating its offer for Anheuser-Busch into a hostile bid while the maker of Bud accused the Belgian company of undervaluing its worth.
Shares of Anheuser-Busch touched an all-time high on Friday on reports that Europe's InBev SA was working on a $46 billion bid for the St. Louis-based brewer.
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