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BUD

AB InBev

$127.49

0.24 (0.19%)

, SBMRY

SABMiller

$55.30

-0.38 (-0.68%)

08:39
10/11/16
10/11
08:39
10/11/16
08:39

AB InBev announces completion of combination with SABMiller

Anheuser-Busch InBev (BUD) announced the successful completion of the business combination with SABMiller plc (SBMRY). As a result of the Belgian Merger, the former Anheuser-Busch InBev has merged into Newbelco, and Newbelco has become the holding company for the combined former AB InBev and SABMiller groups. All assets and liabilities of the former AB InBev have been transferred to Newbelco, and Newbelco has automatically been substituted for the former AB InBev in all its rights and obligations by operation of Belgian law. Newbelco has been renamed Anheuser-Busch InBev, and the former AB InBev has been dissolved by operation of Belgian law. It is expected that shares in the former AB InBev will be delisted from Euronext Brussels and the Bolsa Mexicana de Valores at the opening of business in each market on October 11, and then delisted from the Johannesburg Stock Exchange on October 13. It is further expected that the New Ordinary Shares will be admitted to listing and trading on Euronext Brussels, the Johannesburg Stock Exchange and the Bolsa Mexicana de Valores at the opening of business in each market on October 11. In addition, commencement of trading of Newbelco ADSs, representing the New Ordinary Shares, will commence on the New York Stock Exchange at the opening of business in New York on October 11.

BUD

AB InBev

$127.49

0.24 (0.19%)

SBMRY

SABMiller

$55.30

-0.38 (-0.68%)

BUD AB InBev
$127.49

0.24 (0.19%)

10/05/16
10/05/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Buy at Loop Capital. 2. AB InBev (BUD) coverage resumed with an Overweight at Morgan Stanley. 3. Flowers Foods (FLO) initiated with a Neutral at DA Davidson. 4. Blue Buffalo Pet Products (BUFF) initiated with a Buy at DA Davidson. 5. 58.com (WUBA) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
GSCO
10/10/16
INITIATION
GSCO
Buy
AB InBev reinstated with a Buy at Goldman
10/10/16
10/10/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Sell at Deutsche Bank. 2. Noble Midstream (NBLX) initiated with an Overweight at Barclays, a Hold at Deutsche Bank, an Overweight at JPMorgan, an Outperform at Baird, a Buy at Mizuho, a Buy at Citi, and an Overweight at MUFG. 3. AB InBev (BUD) reinstated with a Buy at Goldman. 4. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. 5. Molson Coors (TAP) reinstated with a Buy at Goldman and resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/16
JPMS
10/11/16
INITIATION
Target $133.28
JPMS
Neutral
AB InBev reinstated with a Neutral at JPMorgan
JPMorgan analyst Komal Dhillon reinstated AB InBev with a Neutral rating and $133.28 price target.
SBMRY SABMiller
$55.30

-0.38 (-0.68%)

03/22/16
03/22/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. EP Energy (EPE) downgraded to Underperform and Underweight at BofA/Merrill and Capital One, respectively, with analysts saying EP Energy's planned sale of Haynesville for $420mm is not a surprise and balance sheet headwinds remain. BofA/Merrill continues to see leverage as a headwind and does not see how the company can live within its cash flow while production declines in 2016. 2. Amazon.com (AMZN) downgraded to Outperform at Raymond James by analyst Aaron Kessler, who expects Amazon's pace of margin expansion to slow and he sees increased competition to its Web Services unit from Google's (GOOG, GOOGL) Cloud Platform. 3. Copa Holdings (CPA) downgraded to Sell at Evercore ISI by analyst Duane Pfennigwerth, who cited recent shares strength. 4. Infinity Pharmaceuticals (INFI) downgraded to Underperform from Neutral at Wedbush. 5. SABMiller (SBMRY) downgraded to Underperform at CLSA. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/16
STFL
07/19/16
NO CHANGE
STFL
SABMiller deal could be blocked, terms may be sweetened says Stifel
Stifel believes that a minority SABMiller (SBMRY) shareholders could "effectively block" the company's proposed acquisition by AB InBev (BUD). The firm thinks that the deal's small premium and "the illiquidity" of AB's stock that would be transferred in the alternative, partial stock offering could motivate SABMiller's shareholders to block the deal. The firm thinks that AB InBev could sweeten the terms of the deal.
07/29/16
SBSH
07/29/16
UPGRADE
Target $115
SBSH
Buy
Molson Coors upgraded to Buy from Neutral at Citi
Citi analyst Wendy Nicholson upgraded Molson Coors (TAP) to Buy citing the recent pullback in the shares. The analyst is optimistic that both the AB InBev (BUD)/SABMiller (SBMRY) and Molson Coors/MillerCoors transactions will close in early Fall 2016. Nicholson raised her price target for the shares to $115 from $101.
09/29/16
HSBC
09/29/16
NO CHANGE
HSBC
Buy
AB InBev's goal may be to acquire Coca-Cola, says HSBC
HSBC analyst Anthony Bucalo says SABMiller's (SBMRY) merger with AB InBev (BUD), which its shareholders just approved, will impact "nearly every major company across global beverages," especially Heinenken (HINKY). The combined company "represents a strong vehicle for another transaction" if InBev management chooses to do so, Bucalo tells investors in a research note dated yesterday. The analyst believes AB InBev's ultimate goal is the possible acquisition of The Coca-Cola Company (KO). The entire Coca-Cola bottling system, especially for Mexican giant FEMSA (FMX), is impacted by SABMiller joining with AB InBev, Bucalo contends.

TODAY'S FREE FLY STORIES

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BlackBerry

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ALGN

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TRMK

Trustmark

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-0.53 (-1.65%)

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AVEO

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CI

Cigna

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0.5 (0.29%)

HUM

Humana

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AET

Aetna

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WCG

WellCare

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6.06 (3.41%)

ANTM

Anthem

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HNT

Health Net

CNC

Centene

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MOH

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UNH

UnitedHealth

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ZAYO

Zayo Group

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WSM

Williams-Sonoma

$47.18

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PRFT

Perficient

$17.55

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NSAT

Norsat

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CATB

Catabasis Pharmaceuticals

$1.30

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P

Pandora

$7.80

0.29 (3.86%)

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Options
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  • 28

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BIIB

Biogen

$280.57

1.97 (0.71%)

, SSNLF

Samsung

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  • 25

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FIT

Fitbit

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HAIN

Hain Celestial

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MEI

Methode Electronics

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HNHPF

Hon Hai Precision

, TOSYY

Toshiba, also use TOSBF

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TOSYY

Toshiba, also use TOSBF

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AZN

AstraZeneca

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V

Visa

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CARA

Cara Therapeutics

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KMX

CarMax

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2.76 (4.62%)

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ENTA

Enanta

$37.11

1.77 (5.01%)

, ABBV

AbbVie

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