InBev shareholders approved the acquisition of all the shares of Anheuser-Busch $70 (£38.79) per share at an extraordinary general meeting which was held yesterday. Shareholders also agree the name change of InBev to Anheuser-Busch InBev and the appointment of August A. Busch IV as a director of the company, both effective upon closing of the transaction. They also authorized the board to proceed with the capital increase required to finance $9.8bn of the transaction. Carlos Brito, chief executive officer of InBev, said, “This vote demonstrates the confidence our shareholders have in the strategic and financial benefits of the combination with Anheuser-Busch. We are very pleased to complete this important milestone and we remain on track to close the transaction by the end of the year. InBev added the transaction remains subject to approval by Anheuser-Busch shareholders and regulatory clearance in a number of jurisdictions and it continues to expect that it will complete the transaction by the end of 2008.