Upon close of the transaction, all shares of Anheuser-Busch will be purchased for $70 per share in cash, and Anheuser-Busch will become a wholly owned subsidiary of InBev.
Closing of the transaction remains subject to regulatory approvals. A closing date has not yet been announced, [image-nocss] but both InBev and Anheuser-Busch continue to expect that they will complete the transaction by the end of the year.
Anheuser-Busch announced earlier this week that it has settled all of the shareholder litigation regarding its pending merger with InBev. The settlement is subject to approval by the Delaware Court of Chancery.
Based in St. Louis, Anheuser-Busch is a leading American brewer, holding a 48.5% share of U.S. beer sales. The company brews the world's largest-selling beers, Budweiser and Bud Light. Anheuser-Busch also owns a 50% share in Grupo Modelo, Mexico's leading brewer, and a 27% share in China brewer Tsingtao.
InBev is a publicly traded company based in Leuven, Belgium. It manages a segmented portfolio of more than 200 brands such as Stella Artois, Beck's, Leffe, Hoegaarden, Skol, Quilmes, Sibirskaya Korona, Chernigivske, Sedrin, Cass and Jupiler. In 2007, InBev realized 14.4 billion euro of revenue.
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