Anheuser Busch Companies (BUD)

[PennyBlender]

Wouldn't wait that long. Shares will be 70 by then ...



LEUVEN, Belgium (Thomson Financial) - InBev and Anheuser-Busch Cos Inc said
they agreed to combine the two companies, forming the world's leading global
brewer.
Anheuser-Busch shareholders will receive $70 per share in cash, for an
aggregate equity value of $52 billion. The combined company will be called
Anheuser-Busch InBev. Both companies' boards of directors have unanimously
approved the transaction.
InBev has fully committed financing for the purchase of all of
Anheuser-Busch's outstanding shares and the companies said they see cost
synergies of at least $1.5 billion by 2011, phased in equally over three years.
The transaction is expected to be neutral to normalised in terms of earnings
per-share in 2009 and accretive beginning in 2010, and return on invested
capital will exceed weighted average cost of capital during the second year
after close.
InBev CEO Carlos Brito will be chief executive officer of the combined
company, while the rest of the board will comprise the existing InBev board,
current Anheuser-Busch president and CEO August Busch IV, and one current or
former director from Anheuser-Busch's board.
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