A-B shareholders approve takeover

14 November, 2008

Anheuser Busch shareholders have voted in favour of the proposed takeover of the company by Stella and Beck’s brewer.

The move paves the way for the deal to be completed by the end of the year, though it is still subject to regulatory approval.

August Busch IV, Anheuser’s president and chief executive officer, said: “The merger provides a promising future for our beer brands and for all stakeholders– employees, wholesalers, retailers and our consumers.

“The new company will expand Budweiser into new markets around the world, fulfilling the global ambitions my family has long dreamed about for this great American brand.”

Inbev declined to comment on rumours that it could sell Beck’s to help fund the Anheuser deal.




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Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

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