12 June: InBev lays to rest months of speculation by making a takeover offer for Anheuser-Busch. The Belgium-based brewer confirms that it has offered US$65 per share in A-B, valuing the US brewer at $46.3bn.

13 June: Anheuser-Busch considers launching a defence against the unsolicited takeover bid it received from InBev this week by merging with Mexican brewer Grupo Modelo, according to reports.

18 June: Missouri Sen. Claire McCaskill says she would do everything possible to "stop the sale" of Anheuser-Busch to rival brewer InBev. This follows news that Republican Gov. Matt Blunt has sent a letter to the Federal Trade Commission, saying he is "opposed to the buyout" of Anheuser-Busch by Belgian brewer InBev.

20 June: The chairman and CEO of Grupo Modelo resigns from his position on the board of Anheuser-Busch.  Carlos Fernandez, whose family runs the Mexican-company, tells A-B today that he was stepping down from the post with immediate effect.

23 June: Whilst Anheuser's confirms it has met to discuss the offer, one of the Busch family breaks ranks and throws his support behind the bid. The uncle of chief executive August Busch IV, Adolphus Busch IV, says: "As I reflected on the recent changes in the global beer business, the performance of A-B's share price over the last decade and the terms of the proposal being made to us by InBev, I realised that it is really not a choice at all. We can achieve value for our shareholders and preserve the legacy that has been created by the Busch family."

27 June: Anheuser-Busch rejects InBev's takeover offer, with the Belgian brewer also setting the scene for a possible hostile takeover move. The US company says it has written to InBev's CEO, Carlos Brito, claiming that InBev's offer of US$65 per share is "financially inadequate" and "not in the best interests" of A-B's shareholders.

2 July: A group of Anheuser-Busch shareholders file lawsuits against the brewer, claiming A-B's board has breached its fiduciary responsibility by rejecting InBev's recent takeover offer.

7 July: InBev ups the ante in its move to acquire Anheuser-Busch by pushing for the removal of its board members. The Belgium-based brewer files a preliminary consent solicitation statement with the Securities and Exchange Commission in the US. The filing seeks to remove each member of A-B's board of directors and "provide A-B shareholders an opportunity to have a direct voice in the proposed combination with InBev".

7 July: The takeover battle between InBev and Anheuser-Busch takes an acrimonious twist, with A-B dismissing InBev's latest move in the saga as a "self-serving effort". The US brewer responds to InBev's attempts to push for the removal of its board members. In a further twist, A-B said its shareholders should be aware that InBev has "a significant partnership" with the government of Cuba to produce and distribute products in Cuba. "InBev has not commented on how that would impact business with A-B's customers, nor on its ability to complete an acquisition under US laws that affect acquisitions of US companies by foreign companies."

7 July: Anheuser-Busch readies a lawsuit against InBev, accusing the Belgium-based brewer of "deceptive conduct". The US-based brewer files the suit at the US District Court in the Eastern District of Missouri. A-B has cited "an illegal plan and scheme by InBev, through a course of deceptive conduct, to acquire A-B at a bargain price".

11 July: Speculation in the US press suggests Anheuser-Busch has entered into friendly talks with InBev despite the increasginly hostile rhetoric of the last few days. Neither company will confirm or deny the reports.

14 July: InBev confirms Anheuser-Busch has accepted a revised takeover offer. The Belgian will "combine" operations with A-B, at a price of US$52bn - equating to $70 per share. The transaction will see A-B's president and CEO, August Busch IV, and one other current or former A-B director join the InBev board, with the US brewer becoming a wholly-owned subsidiary of InBev.