July 14, 2008 / 12:44 AM / 11 years ago

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

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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