InBev Completes Acquisition of Anheuser-Busch - New Stock Symbol 'ABI'

November 18, 2008 9:03 AM EST

InBev (Euronext: INB) has completed its acquisition of Anheuser-Busch (NYSE: BUD), following approval from shareholders of both companies. The combination creates the global leader in beer and one of the world's top five consumer products companies. Under the terms of the merger agreement, all shares of Anheuser-Busch will be acquired for $70 USD per share in cash, for an aggregate of $52 billion USD.

Effective today, InBev has changed its name to Anheuser-Busch InBev to reflect the heritage and traditions of Anheuser-Busch. Starting November 20, 2008, the company will trade under the new ticker symbol "ABI" on the Euronext Brussels stock exchange. Anheuser-Busch has become a wholly owned subsidiary of Anheuser-Busch InBev and will retain its current headquarters in St. Louis, MO. St. Louis will also become the North American headquarters for the combined company.

Anheuser-Busch Companies, Inc. (Anheuser-Busch) is the holding company of Anheuser-Busch, Incorporated (ABI), a beer brewer. [SM]

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