Deals
Anheuser-Busch InBev Clinches $103 Billion SABMiller Deal
- SABMiller investors approve takeover, with 95% backing bid
- AB InBev ditches SABMiller name and plans to cut 3% of staff
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Anheuser-Busch InBev NV clinched its $103 billion takeover of SABMiller Plc after the British brewer’s investors approved a deal that unites the world’s two biggest beermakers about a year after it was proposed.
SABMiller shareholders voted 95.46 percent in favor of the sale, clearing the 75 percent needed for the takeover to proceed, the London-based company said Wednesday. The overwhelming approval laid to rest concerns that the deal could founder following opposition from some investors, even after AB InBev sweetened its offer in July.