Anheuser Busch (BUD) Reportedly Wins Antitrust Approval in SAB Miller Deal, CNBC Says
Investors are preparing for the Anheuser Busch InBev (BUD), SAB Miller (SAB) merger to be approved by U.S. regulators, CNBC's Dominic Chu reported today.
NEW YORK (TheStreet) -- U.S. regulators could be gearing up to approve Anheuser Busch Inbev's (BUD) - Get Report likely $170 billion acquisition of rival brewing and beverage company SAB Miller, CNBC's Dominic Chu reported on "Power Lunch" Wednesday.
Anheuser reportedly won antitrust approval for the merger today.
"What happens here is if the deal does go through, hypothetically, it would of course create the world's biggest brewer (in) a $170 billion transaction," Chu noted.
The announcement comes as SAB Miller's board of directors are meeting today and as the company's shareholders prepare for their annual conference tomorrow.
Shares of Anheuser are rising by 0.71% to $125.47 this afternoon.
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