SABMiller shareholders backed the brewer’s $103 billion sale to rival Anheuser-Busch InBev by a large majority on Wednesday, paving the way for one of the biggest corporate mergers in history.
The 79 billion pound deal was comfortably passed by the SABMiller shareholders who voted. Shareholders voted 95.46 percent in favor of the sale, clearing the 75 percent needed for the takeover to proceed.
The vote concludes a process that saw the brewers haggle for weeks over price before spending months hammering out asset divestments to appease antitrust regulators worldwide.
The takeover is expected to be completed on Oct. 10, nearly a year after A-B InBev, the Belgian parent company of St. Louis-based Anheuser Busch, first approached London-based SABMiller about the acquisition. Negotiations involved succession of sweetened bids to win over SAB and asset disposals to satisfy regulators around the world.