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Anheuser-Busch shareholders approve InBev deal

13 November, 2008

US brewing giant Anheuser-Busch shareholders have approved the proposed $52 billion takeover by InBev.

US brewing giant Anheuser-Busch shareholders have approved the proposed $52 billion takeover by InBev.

A shareholder meeting was held in Secaucus, New Jersey, and more than two-thirds of Anheuser-Busch shareholders voted, with 96% voting in favour of the takeover.

The deal is expected to be completed by the end of the year, following regulatory approvals.

A-B chief executive August A Busch IV told shareholders: “The InBev proposal is in the best interest of you, our shareholders, and also provides a promising future for our beer brands and all the stakeholders - employees, wholesalers, retailers and consumers.

“We are about to sell more beer to more people in more countries than any other company in the history of brewing beer."

 InBev shareholders approved the deal at the end of September.