InBev finalizes purchase of Anheuser-Busch

LEUVEN, Belgium InBev announced today that it has finalizes its acquisition of U.S. brewer Anheuser-Busch Cos.

The maker of Beck’s beer announced that the new company will be called Anheuser-Busch InBev and will trade under a new symbol starting Nov. 20. The buyout deal was worth $52 billion total, or $70 per share.

The newly combined company will produce about one-quarter of the beer consumed in the world and will generate about $36 billion annually, the companies said.

InBev also has recently reached an agreement with regulators to sell holdings of the Labatt USA beer business and licenses.