Anheuser-Busch Agrees to Be Sold for $52 Billion

The NY Times is reporting this morning that Anheuser-Busch has agreed to sell itself to the Belgian brewer InBev for about $52 billion, the two companies confirmed Monday in a joint release, putting control of the nation’s largest beer maker and a fixture of American culture into a European rival’s hands.

To me this is sad news, as I have mentioned before I a former employee of AB and feel that it is a same that an American icon such as Budweiser will no longer be an American company. We will have to wait and see if they will even be able to keep their name or just be absorbed into the InBev brand.

Click on the headline to read the story in the NY Times

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Filed under Anheuser-Busch, Beer, hostile takeover, InBev, NY Times

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