Beverages - Brewers
Anheuser Busch Inbev SA Completes Combination with Grupo Modelo SAB de CV And Announces Settlement Of Tender Offer
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.
Anheuser Busch Inbev SA Completes Combination with Grupo Modelo SAB de CV And Announces Settlement Of Tender Offer
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.
Anheuser Busch Inbev SA Announces Expiration Of Tender Offer For All Outstanding Grupo Modelo SAB de CV’s Shares
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.
Anheuser Busch Inbev SA Announces Expiration Of Tender Offer For All Outstanding Grupo Modelo SAB de CV’s Shares
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.
Companhia de Bebidas das Americas AmBev to Transfer All Shares to Ambev SA
Companhia de Bebidas das Americas AmBev announced that on May 10, 2013, its Board of Directors approved the transfer of all shares of the Company to Ambev SA, controlled by Interbrew International B.V. (IIBV), a subsidiary of Anheuser-Busch InBev S.A./N.V. (ABI), in order to migrate the shareholding structure of the Company which includes both ordinary and preferred shares to a structure composed uniquely by ordinary shares. Probably, shares of Ambev SA will be listed on the tradition segment of Bovespa after the registration of Ambev SA as an issuer of securities category A. Moreover, American Depositary Receipts (ADRs) of Ambev SA to be received by holders of ADRs of the Company, will also be listed on New York Stock Exchange (NYSE). One share or ADR of the Company will give its holder right to receive five shares or ADRs of Ambev SA. Holders of preferred shares of the Company will receive ordinary shares of Ambev SA. The Company does not hold shares of Ambev SA. Apsis Consultoria Empresarial Ltda was contracted by Ambev SA to prepare appraisal report. Dissident shareholders may exercise the withdrawal right and will receive BRL 9.231 per share.
Anheuser Busch Inbev SA Commences Cash Tender Offer For Grupo Modelo SAB de CV
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.
Anheuser Busch Inbev SA Commences Cash Tender Offer For Grupo Modelo SAB de CV
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.
Court Allows Settlement Among the Department of Justice, Anheuser Busch Inbev SA, Grupo Modelo SAB de CV and Constellation Brands Inc
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.
Court Allows Settlement Among the Department of Justice, Anheuser Busch Inbev SA, Grupo Modelo SAB de CV and Constellation Brands Inc
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.
Oz Brewing Ltd Enters Heads Of Agreement To Acquire Gabon Potash Assets
Oz Brewing Ltd announced that it has entered into a Heads of Agreement to acquire Monomotapa Gold Limited, a Territory of the British Virgin Islands unlisted company, and its 82% interest in Engrais Gabon, holder of the Gabon Potash Assets in the west central African nation of Gabon. Oz Brewing is to pay MGL Shareholders the sum of AUD500,000 as reimbursement for past expenditure. Subject to both ASX and shareholder approval 10,000,000 post consolidation consideration shares will be issued to MGL Shareholders on a pro-rata basis with their shareholding upon Execution of the share sale agreement & re-compliance with Chapter 1 & 2 of the ASX Listing Rules. The terms of the Agreement to acquire MGL are subject to shareholder, regulatory approvals, final documentation being executed and a minimum of $2,000,000 being raised in the prospectus in accordance with the requirements of Chapters 1 & 2 of the ASX Listing Rules.
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