MILWAUKEE (AP) – August Busch IV, chief executive of Anheuser-Busch Cos. Inc. will be paid nearly $10.4 million after the brewer is sold to InBev SA and $120,000 a month to consult for the new company through the end of 2013.

Terms of the consulting deal are currently being negotiated, according to a filing with the Securities and Exchange Commission made Friday.

Busch, a member of the St. Louis-based brewer’s founding family, will also be eligible for an additional payment of $13.3 million on various change in control payments and benefits, the filing said.

Last month, the brewer of Bud Light and Budweiser announced it had agreed to be sold to InBev, the Belgium-based maker of Stella Artois, Beck’s and Bass. The deal is worth $52 billion.

The two companies will combine to create Anheuser-Busch-InBev NV SA. The combined company’s North American headquarters will remain in St. Louis.

Busch will advise the company on new products and business opportunities, review marketing programs, and meet with retailers, wholesalers and advertisers as part of his new duties.

He will be given an office in St. Louis, administrative support, and insurance such as medical, dental and vision, the filings said.

Busch will also be given personal security services through the end of 2011 in St. Louis, in accordance with Anheuser-Busch’s past practices, the filing said. He will also get free tickets to Anheuser-Busch sponsored events.

Busch will not be able to disparage the company, or solicit employees or customers for business, according to the agreement.

Also in the filing, InBev maintained its promises to keep Anheuser-Busch’s 12 U.S. breweries open, on the condition that, “there are no new or increased federal or state excise taxes.”

St. Louis will remain the home of the Budweiser brand, the filing said. InBev said it would continue to support Anheuser-Busch’s charitable causes and other operations, such as its trademark Clydesdale horses.

Anheuser-Busch will have to pay $1.25 billion if the deal falls through for one of several reasons, such as Anheuser-Busch accepting another offer. InBev will pay Anheuser-Busch the same amount if Anheuser-Busch’s shareholders reject the deal.

Anheuser-Busch said in the filing it planned to hold a special shareholder meeting to vote on the deal and would announce that date as soon as the deal receives regulatory clearance.

On Monday, InBev said the U.S. Department of Justice was seeking additional information about the deal. InBev said in a statement it would “respond expeditiously” to the so-called “Second Request” that pertains to antitrust regulations. It said the request was normal and it expected the deal to close by the end of the year.

Shares of Anheuser-Busch fell 37 cents to close at $67.82 Monday.


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