InBev finalizes deal to buy Anheuser-Busch

Sun Jul 13, 2008 8:45pm EDT
 
[-] Text [+]

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)

(For more M&A news and our DealZone blog, go to here)

 

Green Shoots / Brown Weeds

Image by Flickr user gumdropgas (http://www.flickr.com/photos/sidspage/)
Jobless claims drop steeply

The number of U.S. workers filing new claims for jobless benefits fell sharply last week, although the data was distorted by an unusual pattern of layoffs in the automotive industry.  Full Article 

Image by Flickr user Noël Zia Lee (http://www.flickr.com/photos/noelzialee/)
Bad weather hurts retail sales

Sales fell at many U.S. apparel retailers and warehouse club stores in June as the weak economy and cool, rainy weather dashed interest in summer shopping for consumers across the country.  Full Article 

 
Photo
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better