This BUD is gone. But you get $70 cash

— -- Q: What happens to my shares of Anheuser-Busch (BUD) now that the deal with InBev is final?

A: BUD is no longer.

St. Louis residents and Anheuser-Busch employees may lament the buyout of the iconic company by Belgian brewer InBev. We won't get into the debate over what it means to see the maker of Budweiser go into the hands of a company based overseas.

Now that the deal has been approved by shareholders and regulators, see story here it enters the cash out phase.

Under the terms of the deal, Anheuser-Busch shareholders will get $70 in cash for every share they own. The deal is expected to close by the end of the year.

Here's what Anheuser-Busch said on Nov. 19: "As a result of the merger, Anheuser-Busch has now become a wholly owned subsidiary of InBev, and its common stock is no longer traded on the NYSE. Consequently, there is no longer any public market in Anheuser-Busch common stock. Each share of Anheuser-Busch?s common stock was canceled, extinguished and automatically converted into the right to receive $70 in cash..."

Remember there will be tax consequences since it's a cash buyout. Keep this in mind as you plan your taxes and harvest capital gains and losses.

Matt Krantz is a financial markets reporter at USA TODAY and author of Investing Online for Dummies. He answers a different reader question every weekday in his Ask Matt column at money.usatoday.com. To submit a question, e-mail Matt at mkrantz@usatoday.com. Click here to see previous Ask Matt columns.