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InBev finalizes deal to buy Anheuser-Busch

Bud Light and Budweiser beer is shown in a cooler at the Toluca Mart liquor store in Los Angeles, California June 16, 2008. REUTERS/Fred Prouser

Bud Light and Budweiser beer is shown in a cooler at the Toluca Mart liquor store in Los Angeles, California June 16, 2008.

Credit: Reuters/Fred Prouser

PHILADELPHIA | Sun Jul 13, 2008 8:45pm EDT

PHILADELPHIA (Reuters) - U.S. brewer Anheuser-Busch Cos Inc agreed to be acquired by Belgium-based InBev NV for $70 per share, a source familiar with the situation said on Sunday.

Anheuser would have representatives on the board of the combined company, which was slated to be called Anheuser-Busch InBev, the source said. An announcement was expected on Sunday night.

(Reporting by Jessica Hall)

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