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article imageBudweiser Is Going Belgium

By KJ Mullins     Jul 14, 2008 in Business
Amheuser-Busch maker of Budweiser and Bud Light has been bought out by Belgian brewer InBev for $52 billion. The deal creates the world's largest brewer and the fourth-largest consumer product to be merged under the name of Anheuser-Busch InBev.
On Sunday the board of directors for Anheuser-Busch Cos. Inc. accepted the offer that InBev SA put before them. InBev is the maker of Stella Artois and Beck's. Shareholders will receive $70 a share under the new deal, a increase of $5 for an offer that the Anheuser-Busch company rejected in June.
All of the details are not clear on the merger that has concerns coming from both Missouri politicians and Mexico's Grupo Modelo which is Anheuser-Busch has a 50 percent share of.
"Our agreement with Anheuser-Busch was carefully constructed to ensure we have a definitive say in who our partner is. We are confident that our agreement, which is governed by Mexican law, gives us the right to decide whether or not to consent to the potential acquisition of Anheuser-Busch by InBev," Grupo Modelo said in a statement.
Fans of the beer are not happy with the merger. Two websites, and are already up and running trying to reverse the decision.
InBev has not yet said if layoffs will be part of the merger or how the takeover will affect the 6,000 employees of the brewery. Still with the company having to plan to cut pension and health benefits for salaried employees to stay afloat the merger may be the best bet for those who work for the makers of the `King of Beers.`
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