• November 12, 2008

Brussels, Belgium-based beverage giant InBev has gotten the go-ahead from a majority of Anheuser-Busch Cos. Inc. shareholders to approve the proposed combination of InBev and Anheuser-Busch. The shareholder meeting was on Wednesday in Secaucus, New Jersey. InBev shareholders approved the combination on Sept. 29.

Upon close of the transaction, all shares of Anheuser-Busch will be purchased for $70 per share in cash, and Anheuser-Busch will become a wholly owned subsidiary of InBev. A closing date has not yet been announced, but both InBev and Anheuser-Busch continue to expect that they will complete the transaction by the end of the year.--Karl Greenberg