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Business: Money 101

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Jul 13, 2008 7:27 pm US/Pacific

Report: Anheuser-Busch Agrees To InBev Sale

ST. LOUIS (AP) ― Anheuser-Busch reportedly has agreed to be acquired by Belgian brewer InBev for $49.9 billion.

The deal being reported by The Wall Street Journal would create the world's largest brewer and put the iconic American beer maker in the hands of the Belgian-based company behind Stella Artois and Beck's beers.

The newspaper cited anonymous sources who said Anheuser-Busch-InBev would be the new company's name and Anheuser would have two seats on the company board.

Anheuser-Busch did not return a message seeking comment Sunday evening.

The newspaper said the deal was for $70 a share. That's an increase over InBev's original offer that was rejected in June.

(© 2008 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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