The merger of the world’s largest and world’s second largest brewers was agreed upon by shareholders today.
AB InBev won approval to acquire SAB Miller for more than $100 billion. The deal means that about one in every four beers sold around the world will be a product of this mega-brewer.
Bart Watson, chief economist for the Brewers association, said the new company is going to look to emerging markets.
“This wasn’t about the U.S. market as much as it was about developing markets where SAB Miller was strong and where AB InBev was weak,” he said.