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Belgian-Brazilian brewer InBev has purchased St. Louis based Anheuser-Busch in a $52 billion takeover creating the world's largest brewer in St. Louis on July 14, 2008. The takeover from InBev began in May and concluded on July 13, 2008, after the Anheuser-Busch board of directors agreed on a $70 a share in cash. The new company will have net sales of $36 billion a year, offering consumers about 300 brands. InBev chief executive Carlos Brito, 48, is known for cutting costs, and will head the new company, called Anheuser-Busch InBev. Pictured is the Barley Cleaning House at the Anheuser-Busch World Headquarters in south St. Louis on July 14, 2008. (UPI Photo/Bill Greenblatt) ST. LOUIS, July 23 (UPI) -- Belgian beer giant InBev has targeted $500 million in operating cost cuts for its new U.S. franchise Anheuser-Busch, executive... [read full story]
