Anheuser-Busch accepted a $52 billion buyout from InBev late Sunday evening.
The merger will create the world's largest brewing company, to be known as Anheuser-Busch InBev, should shareholders and regulators approve the deal. Separately, Anheuser-Busch holds almost 50 percent of the American market and InBev is the world's second largest brewer.
"We are extremely excited about the opportunities that this combination will create for consumers worldwide, as well as our shareholders, employees, business partners and wholesalers," said Carlos Brito, who is the current CEO of InBev and will be the CEO of Anheuser-Busch InBev. "Together, Anheuser-Busch and InBev will be able to accomplish much more than each can on its own."
Anheuser-Busch operates 12 breweries across the United States including a 1.5 million square-foot facility in the town of Lysander employing 855 people and producing 37 different products. While InBev officials have made claims they will not cut any jobs or close any of the Anheuser-Busch breweries, there is still an underlying fear that the Belgian brewer will in an effort to streamline production.
Senator Hillary Clinton recently sent CEO Brito a letter stressing the importance of the Baldwinsville brewery to the economy of Central New York.
"The Budweiser brewery has played a key role in Baldwinsville and Central New York for the last quarter century as a catalyst for economic growth and as a partner in building the identity of the region," Sen. Clinton said. "It is my sincere hope that InBev recognizes that they have a first-class operation and amazing workforce here in Baldwinsville, and I look forward to seeing InBev continue the wonderful partnership the brewery and the community have cultivated."
InBev originally offered Anheuser-Busch an unsolicited proposed bid of $46.3 billion ($65 per share) in June. After Anheuser-Busch rejected the bid, things began to turn hostile with InBev encouraging stockholders to replace the board and Anheuser-Busch accusing InBev of an illegal scheme.
One of InBev's strategies to increase growth is to increase sales of Budweiser and Bud Light in overseas markets.