In Bev postpones rights offering but still intends to close deal by year end
InBev announced today that due to the extreme volatility in the global capital markets, it has postponed its previously announced rights offering for Anheuser-Busch until market conditions stabilize. The Board of Directors will continue to monitor market conditions to determine the appropriate time to launch the rights offering.
InBev reaffirms its expectation that it will complete the acquisition of A-B by year-end 2008.
InBev also reconfirms the strong support of its bank group, who has provided the financing for the transaction on the basis of certain funds commitments and complete loan documentation for both the $45 billion acquisition facility and the $9.8 billion equity bridge facility.
Carlos Brito, InBev CEO said: “The proposed combination between Anheuser-Busch and InBev will achieve value for our shareholders and create opportunities on a global basis for our consumers, employees, business partners, wholesalers and the communities they serve. We are moving forward confidently and expect to complete the combination of these two great companies by the end of the year to create the world’s leading brewer.”