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November 6, 2008

Despite reporting a 14% year-on-year drop in third quarter profits and the postponement of its capital increase, drinks giant InBev has announced that its $52 billion deal acquisition of AnheuserBusch will go ahead.

Despite reporting a 14% year-on-year drop in third quarter profits and the postponement of its capital increase, drinks giant InBev has announced that its $52 billion deal acquisition of AnheuserBusch will go ahead.

The Belgian brewer saw its profits fall to €447 million from €519 million over the same period last year but remains optimistic for the future.

October 9, 2008

The demotion of August A Busch IV from the executive committee of beer giant Anheuser-Busch has been confirmed with the promotion of David Peacock at the newly-formed Anheuser-Busch InBev behemoth.

The demotion of August A Busch IV from the executive committee of beer giant Anheuser-Busch has been confirmed with the promotion of David Peacock at the newly-formed Anheuser-Busch InBev behemoth.

Peacock, who served as vice president of marketing under Busch IV, becomes the new president and will manage all US operations for the combined company, which is awaiting the approval of Anheuser-Busch shareholders on 12 November.

October 1, 2008

The first hurdle of InBev’s takeover of US rival Anheuser-Busch has been cleared.

The first hurdle of InBev's takeover of US rival Anheuser-Busch has been cleared.

InBev shareholders voted overwhelmingly in favour of the acquisition of all Anheuser-Busch shares for $70 each at the Belgian-based company's extraordinary general meeting held today.

They also approved the name change of InBev to Anheuser-Busch InBev and the appointment of president and CEO August A Busch IV as a director of the new company.

July 15, 2008

Grupo Modelo has put a snag in InBev’s Anheuser-Busch deal, claiming it needs to consent to any takeover agreement.

Grupo Modelo has put a snag in InBev's Anheuser-Busch deal, claiming it needs to consent to any takeover agreement. Elsewhere, commenting on the deal, a leading analyst has heralded the death knell of family-owned global enterprises.

The family-owned Mexican brewer, in which Anheuser-Busch has a 50% stake, says that under its agreements with the Budweiser brewer, Grupo Modelo has certain rights regarding the potential transaction between InBev and Anheuser-Busch, including the right to consent.

July 14, 2008

Anheuser-Busch has agreed to the latest takeover bid from Belgium-based InBev, ending the month-long standoff between the two companies.

Anheuser-Busch has agreed to the latest takeover bid from Belgium-based InBev, ending the month-long standoff between the two companies.

The sweetened deal of $70 per share, is up $5 from the original unsolicited bid and puts a 27% premium on Anheuser's October 2002 record-high stock price. The total value of the deal is $52 billion.

The combined company, which will be called Anheuser-Busch InBev, will create the global leader in the beer industry and one of the world's top five consumer products companies.

July 10, 2008

In response to a move by acquisitive InBev to remove Anheuser’s board of directors, Anheuser-Busch has struck back, urging its shareholders to block the move.

In response to a move by acquisitive InBev to remove Anheuser’s board of directors, Anheuser-Busch has struck back, urging its shareholders to block the move.

The maker of Budweiser and Michelob beers has filed a consent revocation statement against InBev, saying its board “unanimously opposes” InBev’s consent solicitation.

July 3, 2008

Drinks giant InBev has issued a response following fellow family-owned Anheuser-Busch’s rejection of it’s $65 per share takeover bid.

InBev has issued a response following fellow family-owned brewer Anheuser-Busch's rejection of it's $65 per share takeover bid. The Belgian firm believes the offer is fair and "remains committed to its proposal to create the world's leading beer company."

June 27, 2008

The battle for control of family-run US brewer Anheuser-Busch has taken a dramatic turn as Belgian rival InBev is set to launch a hostile takeover following Anheuser-Busch’s rejection.

The battle for control of family-run US brewer Anheuser-Busch has taken a dramatic turn as Belgian rival InBev is set to launch a hostile takeover following Anheuser-Busch's rejection.

The US brewer finally gave its verdict on the proposed takeover by InBev yesterday and rejected the approach outright. The offer of $65 per share was described as being financially inadequate and not in the best interests of shareholders.

June 11, 2008

Family-run brewer Anheuser-Busch has announced that it has received an unsolicited, non-binding proposal from Europe-based rival InBev to acquire all of the company’s outstanding shares for $65 per share in cash.

Family-run brewer Anheuser-Busch has announced that it has received an unsolicited, non-binding proposal from Europe-based rival InBev to acquire all of the company’s outstanding shares for $65 per share in cash.

The US company has said that its board of directors will “evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch's  long-term strategic plan.” The company said the board expects to make a decision on the bid, which includes $40 billion in debt, “in due course.”

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