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Largest Brewery Deal Comes To A Head

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By LAUREN SHEPHERD and EMILY FREDRIX

The Associated Press

Published: November 13, 2008

SECAUCUS, N.J. - Shareholders of Anheuser-Busch Cos. Inc. approved the $52 billion sale of the business to Belgium-based InBev SA on Wednesday, a deal that is set to create the world's largest brewer.

The vote was the latest step to form the company that will be known as Anheuser-Busch InBev and combine brands such as Bud Light and Budweiser with Stella Artois and Beck's. The deal, reached in July, is expected to close by the end of the year.

August A. Busch IV, Anheuser-Busch's president and CEO, said the decision to sell was a difficult one.

"Every alternative was considered," he told shareholders outside of New York. "In the end, we all agreed the InBev proposal was in the best interest of you, the shareholders."

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