Shareholders overwhelmingly approve AB InBev - SABMiller merger

Shareholders overwhelmingly approve AB InBev - SABMiller merger
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Both AB InBev and SABMiller's shareholders have overwhelmingly approved the merger between both drink manufacturers. More than 95 % of shareholders, at both companies, approved the deal.

Name stays the same

Every proposal surrounding the merger was approved by more than 99 % of AB InBev's shareholders, while the number reached 97 % at SABMiller. Both companies now hope to finalize the deal on 10 October. 

 

AB InBev will pay 91.5 billion euro to make the deal happen and CEO Carlos Brito confirmed the company's name will remain the same, but the logo will slightly change: the eagle in the logo will be no more.

 

With the shareholders' approval, there is nothing blocking the acquisition, after AB InBev had already received approval from several Competition Authorities although it was forced to sell several brands.