InBev shareholders approve acquisition of Anheuser-Busch; deal could close by year end

By Lisa Kerner

Charlotte, N.C., Sept. 29 - InBev NV/SA shareholders voted "overwhelmingly" to approve the purchase of all shares of Anheuser-Busch Cos., Inc. for $70 per share at a special meeting on Monday.

"This vote demonstrates the confidence our shareholders have in the strategic and financial benefits of the combination with Anheuser-Busch," InBev chief executive officer Carlos Brito said in a company news release.

"We are very pleased to complete this important milestone and we remain on track to close the transaction by the end of the year."

InBev shareholders also approved:

• The name change of InBev to Anheuser-Busch InBev;

• The appointment of August A. Busch IV as a director of the company; and

• The capital increase required to finance $9.8 billion of the transaction.

Anheuser-Busch shareholders still have to approve the merger and no special meeting date has been set. Record date for the meeting has been set for Oct. 3, it was previously reported.

InBev, a Leuven, Belgium-based brewing company, and St. Louis-based brewer Anheuser-Busch agreed in July to combine to form Anheuser-Busch InBev in a deal valued at $52 billion.

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