InBev shareholders back Anheuser-Busch takeover

29th September 2008, Comments 0 comments

InBev and Anheuser-Busch to form the world's largest brewer.

29 September 2008

BELGIUM -- InBev shareholders have backed a USD 52 billion (EUR 32.8 billion) takeover of Anheuser-Busch to form the world's largest brewer.

They also approved changing the company's name to Anheuser-Busch InBev and a capital increase and share issue that would raise up to USD 10 billion (EUR 6.9 billion) to pay for part of the deal.

That covers the existing equity bridge financing of USD 9.8 billion in place since the deal was announced in July, InBev says, with an extra margin to cover any major currency fluctuations until the company decides the details of the share issue.

More than three-quarters of InBev's shareholders voted in favour of the deal, the name change and the capital increase at a meeting at the company's Leuven, Belgium headquarters.

[AP / Expatica]

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