Key Developments: Anheuser-Busch InBev SA (ABI.BR)

ABI.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Anheuser Busch Inbev SA Completes Combination with Grupo Modelo SAB de CV And Announces Settlement Of Tender Offer
Tuesday, 4 Jun 2013 12:29pm EDT 

Anheuser Busch Inbev SA (AB InBev) and Grupo Modelo SAB de CV (Grupo Modelo) announced that AB InBev has completed its combination with Grupo Modelo in a transaction valued at USD 20.1 billion. The combination is a natural next step given the long-term partnership between AB InBev and Grupo Modelo, which started more than 20 years ago. The combined company will benefit from the growth potential that Modelo brands such as Corona have globally outside of the United States, as well as locally in Mexico, where there will also be opportunities to introduce AB InBev brands through Modelo’s distribution network. The combined company will lead the global beer industry with roughly 400 million hectoliters of beer volume annually. The combination is also expected to generate approximately USD 1 billion in cost synergies. In connection with the completion of the combination, AB InBev announced the settlement of the all-cash tender offer for the remaining shares of Grupo Modelo that it did not already own for USD 9.15 per share. As of May 31, 2013, approximately 89% of Grupo Modelo’s outstanding Series C common shares were tendered and acquired in the tender offer by a subsidiary of AB InBev. AB InBev now owns approximately 95% of Grupo Modelo’s outstanding common shares.  Full Article

Anheuser Busch Inbev SA Announces Expiration Of Tender Offer For All Outstanding Grupo Modelo SAB de CV’s Shares
Monday, 3 Jun 2013 08:51am EDT 

Grupo Modelo SAB de CV announced that on May 31, 2013 Anheuser Busch Inbev SA (AB InBev) informed about the expiration of the tender offer by its wholly owned subsidiary, Anheuser-Busch Mexico Holdings SRL de CV, to acquire all outstanding shares of Grupo Modelo SAB de CV (Modelo) not already owned by AB InBev for USD 9.15 per share in cash. The tender offer expired at 2:00 p.m., Mexico City time, on May 31, 2013. The exchange agent for the tender offer has advised that, as of the expiration of the tender offer, a preliminary total of 1,966,744,040 shares had been tendered into and not withdrawn from the tender offer, representing approximately 89% of Modelo’s outstanding Series C shares not previously owned by AB InBev. When added to AB InBev’s existing ownership interest in Modelo, AB InBev and its affiliates will, following the settlement of the tender offer, own approximately 95% of Modelo’s outstanding shares. All shares that were validly tendered into the tender offer and not properly withdrawn have been accepted for payment and will be paid for promptly in accordance with the terms of the tender offer.  Full Article

Anheuser Busch Inbev SA Commences Cash Tender Offer For Grupo Modelo SAB de CV
Wednesday, 1 May 2013 08:00pm EDT 

Anheuser Busch Inbev SA announced that a wholly-owned subsidiary is commencing the previously announced tender offer for all outstanding shares of Grupo Modelo, S.A.B. de C.V. (BMV: GMODELOC) ("Modelo") that the Company does not already own for USD 9.15 per share in cash. The tender offer is being made pursuant to the Transaction Agreement between the Company, Anheuser-Busch International Holdings, Inc., Anheuser-Busch México Holding, S. de R.L. de C.V., Modelo and Diblo, S.A. de C.V, dated June 28, and announced on June 29, 2012. The Board of Directors of Modelo unanimously approved the Transaction Agreement and related transactions.  Full Article

Court Allows Settlement Among the Department of Justice, Anheuser Busch Inbev SA, Grupo Modelo SAB de CV and Constellation Brands Inc
Monday, 22 Apr 2013 05:39pm EDT 

Grupo Modelo SAB de CV announced that on April 22, 2013 the Court signed the previously announced stipulation and order between Grupo Modelo SAB de CV (Grupo Modelo), Anheuser Busch Inbev SA (AB Inbev), Constellation Brands Inc and the Department of Justice that resolves the Department of Justice’s challenge to AB Inbev’s proposed acquisition of the remaining shares of Grupo Modelo that it does not already own. The parties had requested the Court's signature of the stipulation and order on April 19, 2013. Grupo Modelo expects to complete the transaction in June 2013.  Full Article

Anheuser Busch Inbev SA Settle Dispute Over Modelo Buy-Reuters
Saturday, 20 Apr 2013 02:32pm EDT 

Reuters reported that Anheuser Busch Inbev SA and The U.S. Justice Department have agreed to conditions that will allow the beer giant to expand its stake in Grupo Modelo. The pact would settle a lawsuit filed by the department on January 31, 2013 aimed at stopping AB InBev from buying the 50% of Modelo it does not already own for $20.1 billion.  Full Article

Grupo Modelo SAB de CV, Constellation Brands Inc, Crown Imports And Anheuser Busch Inbev SA Reach Agreement With Department Of Justice On Litigation; Parties Request Extension Of Proceedings
Friday, 5 Apr 2013 05:05pm EDT 

Grupo Modelo SAB de CV (Grupo Modelo) announced that Grupo Modelo, Anheuser Busch InBev SA (AB InBev), Constellation Brands, Inc. (Constellation) and Crown Imports LLC have reached an agreement in principle with the United States Department of Justice on a proposed resolution to the Department of Justice’s litigation challenging AB InBev’s proposed acquisition of the remaining stake in Grupo Modelo that it does not already own. The proposed resolution is in line with the revised transaction announced on February 14, 2013. In connection with this agreement, the parties and the Department of Justice have jointly approached the Court and requested an extension of the stay of the proceedings until April 23, 2013. This stay will allow the parties to finalize the details of a proposed consent judgment and the related definitive agreements and papers required for settlement. The parties stated in their filing with the Court that they expect for this to be their final request to extend the stay. The revised transaction with Constellation remains subject to regulatory approval in Mexico.  Full Article

Grupo Modelo SAB de CV Proceeds with Negotiations with Department of Justice on Litigation Challenging Anheuser Busch Inbev SA Proposed Acquisition of Remaining Stake in Grupo Modelo SAB de CV
Friday, 15 Mar 2013 04:16pm EDT 

Grupo Modelo SAB de CV announced that it has proceeded with negotiations, together with Constellation Brands Inc and Crown Imports LLC, with the United States Department of Justice on the resolution of litigation initiated by the latter with relation to the proposed acquisition by Anheuser Busch Inbev SA a stake in Grupo Modelo, based on the terms of the new agreement that was announced on February 14, 2013. The aforementioned companies and the Department of Justice jointly requested the Court to extend the term of the suspension of the proceedings, which expired on March 19, 2013, until April 9, 2013. This extension would allow the parties to complete the negotiation.  Full Article

Anheuser Busch Inbev SA Announces FY 2012 Dividend Proposal
Tuesday, 26 Feb 2013 07:00pm EST 

Anheuser Busch Inbev SA announced that the Company’s Board will propose a FY 2012 dividend of 1.70 EUR per share, subject to shareholder approval. If approved, the dividends will be payable as from May 2, 2013. The record date will be April 30, 2013. The Board has also decided to move to semi-annual dividend payments, going forward, starting with dividends for FY 2013, payable in November 2013 and May 2014.  Full Article

United States Department of Justice Seeks to Resolve Litigation Challenging Anheuser-Busch InBev Proposed Acquisition of Remaining Stake in Grupo Modelo SAB de CV
Wednesday, 20 Feb 2013 05:16pm EST 

Grupo Modelo SAB de CV announced that Anheuser-Busch InBev (AB InBev), Constellation Brands, Inc., Crown Imports LLC and the Company are engaged in discussions with the United States Department of Justice seeking to resolve the Department of Justice's litigation challenging AB InBev's proposed acquisition of the remaining stake in Grupo Modelo SAB de CV that it does not already own. In connection with such discussions, the parties and the Department of Justice have agreed to jointly approach the court to request a stay of all litigation proceedings until March 19, 2013. There can be no assurance that the discussions will be successful.  Full Article

Anheuser Busch Inbev SA Agrees to Transfer 50% of Joint Venture Between Constellation Brands Inc and Grupo Modelo SA to Constellation Brands Inc in Connection with Acquisition of Grupo Modelo SA
Thursday, 14 Feb 2013 02:00am EST 

Grupo Modelo SAB de CV (Modelo) announced that on February 14, 2014 Anheuser Busch Inbev SA (InBev) and Constellation Brands Inc (Constellation) reached agreement that establishes Crown Imports as the producer and marketer of beer in the United States through a complete divestiture of Modelo’s United States business. Crown Imports was a joint venture between Modelo and Constellation. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo’s full profit stream from all United States sales and rights in perpetuity to the Modelo brands distributed by Crown in the United States. As part of InBev’s acquisition of the 50% of Modelo it does not already own, InBev has agreed to sell Compania Cervecera de Coahuila, Modelo’s state-of-the-art brewery in Mexico, and grant perpetual brand licenses to Constellation for USD 2.9 billion, subject to a post-closing adjustment. This price is based on an assumed 2012 EBITDA of USD 310 million earned from manufacturing and licensing the Modelo brands for sale by the Crown joint venture, with an implied multiple of approximately nine times. InBev and Constellation have agreed to a three-year transition services agreement to ensure the smooth transition of the operation of the world-class brewery.  Full Article

AB InBev thirsty for growth in Asia, but Africa less promising -CEO

RIO DE JANEIRO, July 11 - Anheuser-Busch InBev SA , the world's largest brewer, sees great growth opportunities in Asia but prospects are lukewarm in Africa, Chief Executive Carlos Brito said on Friday.

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