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    AB Inbev shares suspended pending shareholder vote on takeover

    © Belga
    Shareholders of AB Inbev vote to go ahead with the deal. What will SABMiller's shareholders decide?
    © Belga

    AB InBev, the global number one beer producer, had its listing suspended this morning (Wednesday) pending release of a communiqué from the company.

    This was indicated by the Financial Services and Markets Authority (FSMA).

    The shareholders of the Begian-Brazilian brewer were due to vote on the company’s offer to purchase SABMiller today [the BBC website states that they have now given the green light at the time of writing, editor’s note].

    Likewise SABMiller shareholders also need to approve the deal.

    This would give rise to a global sector giant.

    In the event of SABMiller’s shareholder approval, the takeover will mean that the Belgian-Brazilian AB InBev and its brands Corona, Stella Artois, Leffe and Budweiser, will engulf the British company SABMiller, which owns Foster’s and Coors.

    The global market leader has made an offer of £45.00 per share, valuing its target at around £79 billion ($103 billion).

    Christopher Vincent
    The Brussels Times