Anheuser-Busch shareholder vote today
By
Kyle Bosch
Story Created:
Nov 12, 2008 at 8:15 AM CDT
Story Updated:
Nov 12, 2008 at 8:15 AM CDT
SECAUCUS, N.J. (AP) - Shareholders of Anheuser-Busch will vote on the sale of the St. Louis brewing giant to Belgian brewer InBev this afternoon.
Once the deal closes -- which should happen by the end of the year -- it will create the world's largest brewer.
The shareholders' vote takes place at a meeting starting at 11 a.m. today in Secaucus, N.J.
The maker of Bud Light and Budweiser announced in July it was accepting a buyout from InBev worth $52 billion, or $70 a share.
Shareholders of InBev, known for brands like Stella Artois and Beck's, have already approved the deal.
Anheuser-Busch has about half of the U.S. market, and InBev just
a small fraction.
InBev has said it will not reduce or change its $70-per-share offer, even though Anheuser-Busch's share price has dropped amid larger market turmoil.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
More Good Stuff
; "Click for StormVision Doppler Radar")
Most Popular