Anheuser-Busch Agrees To Takeover by InBev

St. Louis (AP) St. Louis-based Anheuser-Busch has agreed to a takeover by a giant Belgian brewer, a union that creates a global beer leader and brings to an end one of the most iconic names in American business.

The board of directors of Anheuser-Busch companies incorporated yesterday accepted a sweetened 52-billion-dollar takeover offer from Belgian brewer InBev SA.

The deal is subject to shareholders' and regulators' approval. it would create the world's largest brewer and create the fourth-largest consumer product company worldwide.

Inbev said it plans to use St. Louis as its North American headquarters, and that it will keep open all 12 of Anheuser-Busch's North American breweries -- including one in Fort Collins.

Denver-based Molson Coors and London-based Sab Miller had recently combined their U.S. operations into Millercoors brewing company to help them compete against U.S. industry leader Anheuser-busch.