SOLD

It appears as if InBev has completed its purchase of Anheuser-Busch Cos.

InBev SA on Tuesday formed the world's largest brewer when it closed its $52 billion (euro41 billion) takeover of Anheuser-Busch Cos.

The new company, named Anheuser-Busch InBev, will be headed by InBev CEO Carlos Brito and will be headquartered at Leuven, Belgium.

InBev says it has closed Anheuser Busch takeover

AP Business

Tue Nov 18, 9:40 am ET

From the St. Louis Dispatch:

After the vote, August A. Busch IV said the tie-up with InBev would be the best option for shareholders, and would lead to a “promising future” for the brewer. “We are about to sell more beer, to more people, in more countries than any other company in the history of brewing beer," Busch said.

Of course, that's the same August-Busch IV —now a non-executive director of the new conglomerate— who, only a few months ago as CEO of Anheuser-Busch, had pledged, like a latter-day Churchill of beer, to fight the the invaders ... in the brewhouse and in the boardroom, and to never surrender.

Now that the deal is finalized, Anheuser-Busch’s reign as the biggest independent American brewer has come to an end.

The company traces its history as an independent company back five generations, to 1852.

Today, more a quisling.

Now, back to what is now true domestic American beer: the craft brewers.