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Busch's advisory deal with InBev goes down smooth

Tampa Bay area folks are still waiting to see who ends up with the Anheuser-Busch-owned Busch Gardens and related theme parks once the beer giant is purchased by Belgian brewer InBev. But one deal is already being cut.

InBev and Anheuser-Busch CEO August A. Busch IV are negotiating the terms of a consulting agreement that starts when the $52-billion corporate merger closes and runs through 2013.

Busch will be a highly paid adviser to InBev chief executive Carlos Brito in a package that includes a lump sum of $10.35-million plus about $120,000 a month. He also gets a personal security detail, free access to events sponsored by Anheuser-Busch and other benefits.

The details appear in a recent filing with the Securities and Exchange Commission.

Busch's advisory deal with InBev goes down smooth 08/19/08 [Last modified: Thursday, August 21, 2008 11:28am]
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