Proxy Governance Inc., a proxy advisory service, is supporting the acquisition of Anheuser-Busch Cos. by InBev NV of Belgium.

Under the terms of the agreement, Anheuser-Busch shareholders will receive $70 in cash per share when the deal closes. The $52 billion buyout is expected to happen later this year.

In a Tuesday press release, Proxy Governance said it “supports both the early and active involvement of the BUD board in the transaction, and the sale price ultimately negotiated, which appears fair in light of the company’s historical share price.”

A-B shareholders will meet on Nov. 12 to decide whether to approve the acquisition, which is backed by Anheuser-Busch management. Last month, InBev shareholders approved the deal.