Biggest beer merger approved

SABMiller Plc’s board unanimously recommended Anheuser-Busch InBev SA’s improved US$104billion takeover offer, paving the way for the biggest acquisition in the history of the beer industry. The London-based board proposed that its two biggest shareholders, Altria Group Inc. and Bevco Ltd., be treated as a separate class of stockholders and allow other SABMiller investors to vote on the new offer separately.