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.