Earlier today (Wed. Nov. 12), shareholders of Anheuser-Busch Cos. Inc. approved the $52 billion sale of the nation’s largest brewer to Belgium-based InBev SA, a deal that is set to create the world’s largest brewer.
The vote was the final step to form the company that will be known as Anheuser-Busch InBev and combine brands such as Bud Light and Budweiser with Stella Artois and Beck’s. The deal, reached in July, is expected to close by the end of the year.
The new company brings about the end of the more than 150 years of family rule of the St. Louis-based company, though the newly combined company’s North American headquarters will stay there. InBev has said it will keep open all 12 of Anheuser-Busch’s North American breweries.
Anheuser-Busch agreed this summer to accept the buyout from InBev worth $70 a share. The deal ended back-and-forth wrangling between the two sides, with Anheuser-Busch spurning InBev’s unsolicited offers at first, claiming they were bad for business and were an “illegal scheme” that threatened to defraud shareholders.
InBev shareholders approved the deal in September.
The deal gives InBev a key inroad to the U.S. market, where Anheuser-Busch dominates with about a 50 percent share. InBev, meanwhile, has a small fraction. It also gives the company about one-fifth of the markets in China and Russia, two areas poised for growth.
InBev has said it wants to tap into Anheuser-Busch’s marketing power and make its top-selling Budweiser and Bud Light brands into global powerhouses like Coca-Cola or Pepsi.
Information from the Associated Press contributed to this report.
