Altria to Sell Portion of Anheuser-Busch InBev Investment

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Source: Yahoo Finance
Altria to Sell Portion of Anheuser-Busch InBev Investment
Photo: Yahoo Finance
TL;DR

Altria Group, Inc. intends to sell a portion of its investment in Anheuser-Busch InBev SA/NA through a global secondary offering, including public offerings and private placements. The company plans to use the proceeds for additional share repurchases of its common stock and has filed a registration statement with the U.S. Securities and Exchange Commission for the offering. Altria currently holds approximately 10% ownership in ABI and is offering 35 million of ABI’s ordinary shares. The offering and the partial sale of the investment have been approved by Altria's Board, and Morgan Stanley is acting as the lead underwriter for the proposed offering.

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