Anheuser-Busch has agreed to be acquired by Belgian-based brewer InBev for a reported $70-per-share in an all-cash deal worth about $52 billion. The combined company, expected to be known as Anheuser-Busch InBev, would have annual sales in excess of $36 billion, making it the world's largest brewer. InBev predicts the combined company will be able to trim annual costs by some $1.5 billion annually by 2011, but has promised not to shutter any of Anheuser-Busch's 12 breweries in the U.S.

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