ST. LOUIS (AP) — Anheuser-Busch agreed to be acquired by Belgian brewer InBev for about $52 billion in a deal that would shift ownership of the nation's largest brewer overseas, The Wall Street Journal reported Sunday.
The deal, which is subject to shareholders' and regulators' approval, would create the world's largest brewer and create the fourth-largest consumer product company worldwide. The newspaper cited anonymous sources who said Anheuser-Busch-InBev would be the new company's name and Anheuser would have two seats on the board.
Anheuser-Busch Cos. Inc. did not return messages seeking comment Sunday evening.
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As it is, it's assumed that AB has sold to InBev. This is a big deal for me. My father works for AB and he's been sweating daily over where the company will go.
I'm sad if this is the truth. It's nothing about beer, just about American industry. The last "great" American brewery has/is going to be sold to a foreign company. AB is a big part of my life, living in St. Louis. I won't babble things you could find in a news article.
It plain depresses me.
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