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Shareholders of InBev support Anheuser-Busch takeover

9/30/2008

LEUVEN, Belgium Shareholders of European beverage giant InBev Monday voiced support for the $52 billion buyout offer made for U.S. brewer Anheuser-Busch.

InBev shareholders also okayed changing the name of the new-formed mega-company to  Anheuser-Busch InBev, as well as an increase in capital and share issue that could bring in around $10 billion.

On the U.S. side, InBev chief executive officer Carlos Brito assured A-B employees that the new company would take strides to protect U.S. jobs, and not unduly shut down operations at A-B 12 breweries, as long as “there are no new or increased federal tax or state excise taxes or unforeseen extraordinary events that would negatively impact A-B’s business. … We are very pleased to complete this important milestone and we remain on track to close the transaction by the end of the year,” Brito said in a statement.

To close the deal, approval will have to be met by Anheuser-Busch shareholders and market regulators.

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