LEUVEN, Belgium, & LONDON -- Anheuser-Busch InBev's merger of SABMiller took a significant step forward this week with overwhelming backing from both companies' shareholders.
London-based SABMiller approved the deal with 95.5% of its shareholders voting in favor. AB InBev shareholders also approved all resolutions related to the $104 billion transaction. With these results, AB InBev has all the approvals it needs to complete the acquisition. The deal is expected to close Oct. 10, more than a year after AB InBev first submitted a bid to purchase SABMiller in September 2015.
"We are pleased that our shareholders’ vote brings us one step closer to combining our companies, teams, strong heritage and passion for brewing," AB InBev CEO Carlos Brito said. "We are committed to driving long-term growth and creating value for all our stakeholders."
Belgium-based AB InBev also announced that the combined group will retain the name Anheuser-Busch InBev SA/NV following completion of the acquisition.
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