Shareholders approve massive beer deal: a new era for Anheuser-Busch [View all]

[Sherman A1]

Another chapter in the more than 150-year story of beer in St. Louis is close to being written. The roughly $100 billion deal to create the world’s largest brewer has cleared its final substantial hurdle. Shareholders of Anheuser-Busch InBev and SABMiller have voted in favor of the merger. There are still some procedural steps, but it is expected to close Oct. 10.

The shareholders approved the merger during meetings Wednesday in London, which is the base of SABMiller, and Brussels, where the headquarters of AB InBev are located. The deal essentially creates a new company that will keep the Anheuser-Busch InBev name.

“We are pleased that our shareholders’ vote brings us one step closer to combining our companies, teams, strong heritage and passion for brewing,” AB InBev Chief Executive Officer Carlos Brito said in a statement from the brewing giant.

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