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 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

Anheuser Busch Inbev SA Could Salvage Plan To Take Full Control Of Grupo Modelo SAB de CV-Reuters
Friday, 1 Feb 2013 11:12am EST 

Reuters reported that Anheuser Busch InBev SA could salvage its plan to take full control of Grupo Modelo SAB de CV by keeping its sights on the lucrative market in Mexico and letting others brew Corona destined for the United States. AB InBev got half of Mexican brewer Modelo with InBev's 2008 acquisition of Anheuser-Busch. By taking full control it ensures a greater share of a growing market, while developed markets shrink, a global brand in Corona and the chance to cut costs.  Full Article

US Government Challenges Anheuser Busch Inbev SA's purchase Of Grupo Modelo SA de CV-Reuters
Thursday, 31 Jan 2013 01:52pm EST 

Reuters reported that U.S. government has filed a lawsuit seeking to stop Anheuser Busch InBev SA from buying the half of Mexican brewer Grupo Modelo SA de CV that it does not already own, saying the $20.1 billion deal could mean higher U.S. beer prices. AB InBev said it will fight back in federal court, calling the Justice Department's decision to sue to stop the deal inconsistent with the law, the facts and the reality of the market place.  Full Article

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Monster Beverage in $16.25 million 'channel-stuffing' settlement

- Monster Beverage Corp reached a $16.25 million settlement with shareholders who said the energy drink maker defrauded them by overstating the financial benefits of a distribution arrangement with Anheuser-Busch.

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