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September 29, 2016

AB InBev-SAB Miller deal approved by shareholders; Puig to buy stake in Brazil's Granado; and Toyota develops a new technology to improve agri production

AB InBev-SAB Miller deal approved by shareholders

Family-controlled brewer AB InBev won approval for its $100 billion-plus takeover of rival SABMiller, paving the way for the third-largest merger in corporate history.

Shareholders from both companies voted overwhelmingly in favour of the acquisition. The new combined company will posses an estimated 46% of global beer profits and 27% of global volume.

September 18, 2015

Subway founder Fred DeLuca dies at 67; Family brewers eye $275bn mega merger; and Madison Square Garden to split entertainment and media businesses

Subway founder Fred DeLuca dies at 67

Fred DeLuca, the billionaire founder and president of American sandwich franchise Subway, died this week after a two-year battle with leukaemia. He was 67.

The second-generation Italian immigrant started small with his first sandwich shop in Bridgeport, Connecticut in 1965. He called it Pete’s Super Submarines.

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