St. Louis Public Radio News
7:15 am
Tue November 11, 2008

AB shareholders to vote in InBev deal

St. Louis, MO. – Anheuser-Busch shareholders will vote Wednesday on the takeover of the St. Louis giant by Belgian Brewer In-Bev.

The $52 billion deal would pay $70 per share of AB stock.

A majority of shareholders will have to approve the deal for it to go forward.

Analyst Julie Niemann with Smith, Moore & Company in St. Louis says the only thing that could hold things up is if InBev has trouble with its financing, and she says doesn't expect that to happen.

"There's every indication that Carlos Brito (InBev CEO) has completely lined up the funding, that the banks are in secure position to issue the funding," Niemann said. "They basically have all their lines of credit in place to take care of this merger."

The shareholders meeting will take place Wednesday at noon in Secaucus, New Jersey.

The take-over would create the world's largest brewer.