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Shareholders Approve AB-InBev/SAB Miller Deal

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Shareholders Approve AB-InBev/SAB Miller Deal

St. Louis, MO  (KTRS)  AB-InBev’s takeover of SAB Miller is one step closer to becoming a reality. The $103- billion deal cleared its last major hurdle. Wednesday morning shareholders from both companies approved the acquisition. The combined company will control almost a third of the global beer market. As part of the merger, AB-InBev will […]

Shareholders Approve AB-InBev/SAB Miller Deal

St. Louis, MO  (KTRS)  AB-InBev’s takeover of SAB Miller is one step closer to becoming a reality.

The $103- billion deal cleared its last major hurdle. Wednesday morning shareholders from both companies approved the acquisition.

The combined company will control almost a third of the global beer market. As part of the merger, AB-InBev will retain its name. A British court must still approve the measure next week.

The deal is expected to be wrapped up on October 10th.

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