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InBev shareholders to vote on Anheuser-Busch buyout

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By AP/KWMU

BRUSSELS, Belgium – Shareholders of Belgian brewer InBev will vote Sept. 29 on the company's $52 billion bid for Anheuser-Busch of St. Louis.

Three-quarters of InBev's shareholders must approve the Anheuser-Busch acquisition, the capital increase and changing the name of the company to Anheuser-Busch InBev.

At least half of the shareholders represented at the meeting also must approve the appointment of Anheuser-Busch chief executive August Busch IV as a company director.

Anheuser-Busch agreed July 14 to be taken over by InBev, heading off what had promised to be a long and acrimonious takeover battle.

Anheuser-Busch shareholders must also approve the bid.

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