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The stock was up $1.40 just before 9:15 am ET, climbing to $69.98. If pre-market gains hold, the stock will open at a new high.
InBev said it has completed its acquisition of Anheuser-Busch following approval from shareholders of both companies.
According to the terms of the merger agreement, all shares of Anheuser-Busch will be acquired for US$70 per share in cash, for an aggregate of US$52 billion.
With effect from November 18, InBev has changed its name to Anheuser-Busch InBev to reflect the heritage and traditions of Anheuser-Busch.
Beginning November 20, 2008, the company will trade under the new ticker symbol ABI on the Euronext Brussels stock exchange.
Anheuser-Busch has become a wholly owned subsidiary of Anheuser-Busch InBev and will retain its current headquarters in St. Louis. St. Louis will also become the North American headquarters for the combined company.
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