Financial Times FT.com

Anheuser Busch agrees $52bn sale to InBev

By Julie MacIntosh in New York

Published: July 13 2008 22:37 | Last updated: July 14 2008 15:38

Budweiser brewer Anheuser-Busch agreed on Sunday night to be taken over by Belgian rival InBev for $70 a share, marking an amicable end to a month-long takeover battle that had recently grown hostile.

Shares of InBev opened 2.25 per cent higher on Monday at €45.50 but later dropped to €43.51. Anheuser shares were up 1.1 per cent to $67.25 in early trading.

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