InBev buys Anheuser-Busch in St. Louis

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. (UPI Photo/Bill Greenblatt)