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ST. LOUIS -- Anheuser-Busch Cos. Inc. shareholders will meet Nov. 12, at the Crowne Plaza Meadowlands hotel in Secaucus, N.J., to vote at a special meeting on the combination of InBev N.V./S.A. and Anheuser-Busch (A-B), the American brewer stated.
A-B shareholders of record as of the close of business on Oct. 3, are entitled to vote at the special meeting. At the closing of the transaction, A-B shareholders will be entitled to receive $70 for each share held, and A-B will become a wholly owned, indirect subsidiary of InBev, the company stated. On Sept. 29, InBev shareholders approved the combination, and the closing of the transaction is subject to this vote, along with necessary regulatory approvals and other customary closing conditions, the company stated.
As previously announced in mid-July, A-B’s board of directors unanimously recommended shareholders approve the transaction with InBev, according to the company.
Meanwhile, InBev revealed appointments to the combined entity of Anheuser-Busch InBev, effective upon the closing of the combination of the two companies.
Appointments include Luiz Fernando Edmond as the zone president North America, and David A. Peacock to the position of president of Anheuser-Busch. Edmond currently is the zone president Latin America North and AmBev's Chief Executive Officer. Peacock now serves as vice president of marketing for Anheuser-Busch Inc. and Chief Executive Officer of Wholesaler Equity Development Corp., a wholly owned subsidiary of A-B, according to the company.
"I'm extremely pleased to announce these two critical appointments to the team that will lead the North American zone of the new Anheuser-Busch InBev," Carlos Brito, InBev's Chief Executive Officer, said in a statement. "Luiz Fernando has been an integral part of InBev's management team since its inception. His strong leadership, international experience and familiarity with our company make him uniquely qualified for this position within Anheuser-Busch InBev."
Brito continued, "I have known and respected Dave Peacock for quite some time, and am confident he is the ideal person to lead the Anheuser-Busch U.S. operations going forward as part of Anheuser-Busch InBev. His knowledge of Anheuser-Busch's brands, as well as the people and process behind the brands, will prove invaluable to the successful integration of these two leading global brewers, and I look forward to our continued work together when he assumes his new role."
St. Louis will become the North American headquarters for the combined company and remain the global home of the Budweiser brand, the company stated.