InBev shareholders approve Anheuser-Busch takeover |
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| Written by Claire Weekes | |
| Monday, 29 September 2008 | |
InBev shareholders have "overwhelmingly" voted in favour of the brewer's bid to buy out US rival Anheuser-Busch. At a meeting held today, 99.99% of shareholders backed the company's plan to combine its brands, which include Stella Artois and Becks, with Anheuser's top-selling Budweiser. In total 418,843,809 of the 418,874,509 shareholders at the meeting at InBev's headquarters voted in favour of the purchase. The takeover would create the world's largest brewer, putting it ahead of British brewing giant SABMiller, which InBev currently sits narrowly behind. "This vote demonstrates the confidence our shareholders have in the strategic and financial benefits of the combination with Anheuser-Busch," said InBev's chief executive officer Carlos Brito. "We are very pleased to complete this important milestone and we remain on track to close the transaction by the end of the year," he added. The $52 billion (£29 million) transaction is expected to complete later this year. The merged brewery will be called Anheuser-Busch InBev. Related Articles
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