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July 14, 2008 - It's a done deal (pending shareholder approval) InBev to buy A-B!

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The Anheuser-Busch board of directors voted today in favor of Belgian brewer InBev's $49.9 billion takeover offer, according to media reports.

Reports surfaced Friday that A-B's board was poised to accept the offer from InBev, which boosted its offer by $5 to $70 a share in an effort to seal a friendly deal and create the world's largest brewer.

The combined company, which is slated to house its North American headquarters in St. Louis, will be called Anheuser-Busch-InBev. A-B would have representation on the combined company's board of directors, according to the article.

More to come on this one folks.


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