Anheuser-Busch InBev has agreed the terms of its £71bn takeover of rival SABMiller, in a deal that will combine the world's two largest beer makers.
AB InBev, the maker of Budweiser, will pay £44 for each share in SABMiller, the price it offered on 13 October.
To clear the way for the takeover, SABMiller is to sell its 58% stake in its US joint venture MillerCoors.
It is selling the stake to its main partner in the business, Molson Coors, for $12bn (£7.9bn).