US: Anheuser-Busch sets InBev takeover vote date

By just-drinks.com editorial team | 7 October 2008

Anheuser-Busch has confirmed details of the date for a vote by shareholders on the brewer's proposed acquisition by InBev.

The US-based company, whose board unanimously recommended InBev's US$70-per-share takeover bid in July, said yesterday (6 October) that a special meeting will be held on 12 November. The meeting will be held at midday at the Crowne Plaza Meadowlands hotel in Secaucus, New Jersey.

Shareholders of record on 3 October will be entitled to vote on the proposal, which, if passed, would see A-B become a wholly-owned indirect subsidiary of InBev.

"Additional information concerning the special meeting and the transaction will be in the A-B definitive proxy statement, which will be mailed by A-B to its shareholders later this week," the company said.

InBev's shareholders approved the transaction at a meeting last week in Belgium.

Sectors: Beer & cider

Companies: InBev, Anheuser-Busch