AB InBev has released a timetable for its £79bn takeover of SABMiller, which it expects to complete by 10 October.
Last week AB InBev secured the final pre-condition for the takeover with the approval by China’s Ministry of Commerce. Following the announcement, SABMiller’s board recommended AB InBev’s revised offer in light of the weakening of the pound to its shareholders.
The expected timetable envisages publication of the UK scheme document as well as the other key transaction documents on 26 August, shareholder meetings of AB InBev and SABMiller being held on 28 September 2016 and completion of the combination on 10 October 2016.
