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Anheuser-Busch Shareholders To Vote On Sale

Shareholders of Anheuser-Busch Cos. Inc. will vote on the sale of the brewing giant to Belgian brewer InBev Wednesday afternoon.

SECAUCUS, N.J. (AP) -- Shareholders of Anheuser-Busch Cos. Inc. will vote on the sale of the brewing giant to Belgian brewer InBev Wednesday afternoon.

Once the deal closes -- which should happen by the end of the year -- it will create the world's largest brewer.

The vote for shareholders of the St. Louis-based company will come at a meeting starting at noon in Secaucus, N.J., just outside of New York.

The maker of Bud Light and Budweiser announced in July it was accepting a buyout from InBev worth $52 billion, or $70 a share.

Shareholders of InBev, known for brands like Stella Artois and Beck's, have already approved the deal.

Anheuser-Busch has about half of the U.S. market, and InBev just a small fraction. InBev has said it plans to make top-selling Budweiser and Bud Light into worldwide icons like Coca-Cola and Pepsi.

Both sides say it is on track to close on time, by the end of the year.

InBev has said it will not reduce or change its $70-per-share offer, even though Anheuser-Busch's share price has dropped amid larger market turmoil.

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