After literally years of speculation, rumors and blind alleys, it’s official. CNBC is reporting on their “Breaking News” ticker that InBev has made a $65 cash offer for Anheuser-Busch stock. CNBC now has more on the story.

Anheuser-Busch has acknowledged the takeover bid in a press release issued today.

Anheuser-Busch Cos. Inc. (NYSE: BUD) announced today that it has received an unsolicited, non-binding proposal from InBev to acquire all of the outstanding shares of Anheuser-Busch for $65 per share in cash.

Anheuser-Busch said that its board of directors will evaluate the proposal carefully and in the context of all relevant factors, including Anheuser-Busch’s long-term strategic plan. The board will review the merits of the proposal consistent with its fiduciary duties and in consultation with its financial and legal advisers. The board will pursue the course of action that is in the best interests of Anheuser-Busch’s stockholders.

Anheuser-Busch’s board expects to make its determination regarding InBev’s proposal in due course.

I’m sure additional details will emerge in the coming hours and days, though by “due course” it’s more likely going to be months before anything is finalized.
 
UPDATE: Additional reports have put the total price for InBev to acquire A-B at $46.3 billion. The $65 stock offer represents a 24% increase over share value as of May 22, which is the day before the most recent round of takeover rumors began. Despite the seemingly generous offer, some analysts believe it could even go higher, with speculation of a $70 per share final offer fairly common.