MO - Why Anheuser-Busch (BUD) Stock Is Falling | Benzinga
Anheuser-Busch Inbev SA (NYSE:BUD) shares are trading lower by 5.45% to $61.03 during Thursday’s session after Altria Group Inc (NYSE:MO) announced its intent to sell a portion of its investment in the company.
Altria announced its intention to sell a portion of its investment in Anheuser-Busch InBev SA/NA (ABI) through a global secondary offering. This offering includes public offerings of ABI shares in the United States and other countries, as well as a private placement in Europe and the UK. Additionally, ABI will repurchase $200 million of shares directly from Altria.
Altria currently holds approximately 10% ownership in ABI and is offering 35 million of its ordinary shares. The underwriters may have ...