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ST. LOUIS -- A majority of Anheuser-Busch Cos. Inc. shareholders voted to approve the proposed combination of InBev and Anheuser-Busch during a special shareholder meeting held earlier this week in Secaucus, N.J., InBev stated.
A closing date has yet to be announced, but both InBev and Anheuser-Busch expect the transaction will be completed by the end of the year, the company stated. Closing of the transaction remains subject to regulatory approvals, and upon the completion, all shares of Anheuser-Busch will be purchased for $70 per share in cash. Anheuser-Busch will then become a wholly owned subsidiary of InBev, according to the company.
InBev shareholders approved the combination Sept. 29.