St. Louis Public Radio News
6:22 am
Wed November 12, 2008

AB shareholders vote for deal

St. Louis, MO. – Anheuser-Busch shareholders voted in favor Wednesday of the $52 billion buy-out by InBev.

Ninety-six percent of the votes were in favor of the deal, representing nearly 70% of A-B's total shares.

St. Louis Post-Dispatch reporter Jeremiah McWilliams was at the meeting in Secaucus, New Jersey. He says the meeting took just 25 minutes.

"A lot of that was just tallying the votes, and it was very quick," McWilliams said. "That's one of the last remaining steps before the deal actually is done and finalized."

McWilliams says the two companies are waiting for regulatory approval in the U.S., U.K., and China but executives are confident.

The deal is expected to be finalized by the end of the year.