08/19/2008 (11:26 am)

Justice Department asks InBev for more info on takeover of Anheuser-Busch

Filed under: finance |

InBev said Monday it received a request for additional information from the U.S. Department of Justice about its $52 billion takeover of Anheuser-Busch.

The Belgian brewer said it plans to “respond expeditiously” and “to work toward a prompt closing of the transaction.” The request deals with antitrust regulations.

“This request for additional information from the DOJ is a normal and expected part of the regulatory process,” InBev said in a statement. “InBev remains confident that the transaction will receive regulatory approval and continues to expect to close the transaction by the end of this year.”

St. Louis-based Anheuser-Busch Cos. Inc. (NYSE: BUD), through its Anheuser-Busch Inc. subsidiary, is the leading domestic brewer, holding a 48.5 percent share of U.S no fax payday loan. beer sales.

The company, which accepted a $52 billion takeover offer from Belgian InBev, brews the world’s largest-selling beers, Budweiser and Bud Light. Anheuser-Busch also owns a 50 percent share in Grupo Modelo, Mexico’s leading brewer, and a 27 percent share in the China brewer Tsingtao, whose namesake beer brand is the country’s best-selling premium beer.

Anheuser-Busch’s Fairfield brewery has a capacity of 4.4 million barrels per year and produces Budweiser, Bud Light, Busch, Busch Light and Natural Light. It serves Northern California, Alaska, Northern Nevada, Oregon, Washington and Hawaii.

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