4th Oct 2016 11:47
LONDON (Alliance News) - SABMiller PLC on Tuesday said the High Court of Justice in England and Wales has sanctioned the scheme of arrangement by which the acquisition of SABMiller by Anheuser-Busch InBev SA is being implemented.
SABMiller said it is expected that the UK scheme effective time will be at or around 1815BST on Tuesday.
AB InBev also released a statement saying it welcomes the announcement by SABMiller, adding that SABMiller's shares will be suspended from trading at 0730 BST on Wednesday.
Belgian-American AB InBev is buying Anglo-South African SABMiller for GBP79.0 billion, in a deal approved by the shareholders of both companies last week.
Shares in SABMiller were flat at 4,496.50 pence on Tuesday afternoon.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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