Financial life in a big town

October 7, 2008

Anheuser-Busch shareholders will meet Nov. 12 to vote on InBev deal

Filed under: marketing — Tags: , , — Silver @ 9:52 pm

Anheuser-Busch Cos. shareholders will meet on Nov. 12 to decide whether to approve InBev NV’s $52-billion takeover of the St. Louis-based brewer, Anheuser-Busch announced today.

The special shareholders meeting will take place noon at the Crowne Plaza Hotel Hotel & Exhibition Center Meadowlands in Secaucus, N.J.

Two weeks ago, Anheuser-Busch announced that it had set Oct. 3 to be the record date that establishes which shareholders can vote on the proposal. Investors must have owned A-B shares on Friday to be able to vote on the deal, which will create the world’s largest brewer (fast cash loan). If approved, shareholders will get $70 for each A-B share.

On Sept. 29, InBev shareholders approved the proposed acquisition as well as changing the new company’s name to Anheuser-Busch InBev. They also approved the appointment of Anheuser-Busch chief executive August Busch IV as a director in the new company.

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