AB InBev-SAB Miller deal approved by shareholders

September 28, 2016

According to the BBC, Anheuser-Busch InBev’s $100 billion-plus takeover of rival SAB Miller took another step forward after the shareholders of both firms approved the takeover. The deal, which has already been approved by global regulators, is expected to be completed on October 10 and will create the world’s largest beer manufacturer. The new company will take the AB InBev name.

The deal was initially reached in October 2015, but in July 2016 AB InBev was forced to raise its offer following a fall in the pound in the wake of the Brexit vote. AB InBev increased its offer by £1 a share to £45 a share.

BBC article