SABMiller shareholders back AB InBev takeover offer

LONDON: Shareholders of brewing giant Anheuser-Busch InBev on Wednesday approved the blockbuster takeover of rival SABMiller, clearing a hurdle towards creating

LONDON: Shareholders of brewing giant Anheuser-Busch InBev on Wednesday approved the blockbuster takeover of rival SABMiller, clearing a hurdle towards creating the biggest beer company in the world. AB InBev, the brewer of Budweiser and Stella Artois, is already the world’s top beer-maker and the SABMiller acquisition for $103 billion is in line to be the fourth largest merger in history. SABMiller employs about 70,000 employees in more than 80 countries, while AB InBev has about 150,000 staff in 26 countries, according to company figures. If successful, the companies will be officially combined on October 10.

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