Financial Times FT.com

InBev seals $52bn deal with Anheuser

By Julie MacIntosh in New York

Published: November 19 2008 02:00 | Last updated: November 19 2008 02:00

InBev completed its $52bn purchase of Anheuser-Busch yesterday, making it the world's largest brewer and marking a rare victory for jittery dealmakers and investors as other proposed merger transactions continue to fall apart.

With an eye toward the credit crunch - which was already an issue when InBev and Anheuser cut their deal in July - InBev bound Anheuser and its bank lenders to relatively air-tight agreements. People close to the groups said the lack of escape routes for the parties involved helped push the deal across the finish line.

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