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BUD

AB InBev

$118.82

-0.71 (-0.59%)

08:53
08/09/17
08/09
08:53
08/09/17
08:53

AB InBev, Anadolu Efes to combine Russia, Ukraine units

Anheuser-Busch InBev has reached a non-binding agreement with Anadolu Efes, a brewer in Turkey, regarding a 50:50 merger of AB InBev's and Anadolu Efes' existing Russia and Ukraine businesses. The announcement of this non-binding agreement follows AB InBev's acquisition of a 24% stake in Anadolu Efes as part of the company's combination with SABMiller, which completed in October 2016. The transaction remains conditional on the completion of satisfactory due diligence and is subject to regulatory approvals in Russia and Ukraine. Following the closing of the intended transaction, the combined business would be fully consolidated in the Anadolu Efes financial accounts. As a result, AB InBev would stop consolidating its operations in Russia and Ukraine and account for its investment resulting from this transaction under the equity method. The name of the combined company would be AB InBev-Efes and both AB InBev and Anadolu Efes would have equal representation on the Board of Directors, with Tuncay Ozilhan, current Chairman of the Anadolu Group and Anadolu Efes, serving as the Chairman. Both AB InBev and Anadolu Efes will work towards agreeing binding transaction documents in due course and further announcements will be made as the process progresses. We anticipate the transaction could complete by the end of H1 2018. Until completion of the transaction, both AB InBev and Anadolu Efes' businesses in Russia and Ukraine remain separate and continue business as usual.

  • 11

    Aug

BUD AB InBev
$118.82

-0.71 (-0.59%)

05/05/17
STFL
05/05/17
NO CHANGE
STFL
AB InBev price target raised to $134 from $116 at Stifel
Stifel analyst Mark Swartzberg increased his price target on AB InBev, citing the company's improved organic growth and its recent trend of ramping up the distribution of beverages it acquired in multiple markets. He expects the company's accelerated growth rate to continue and keeps a Buy rating on the shares.
03/02/17
BOFA
03/02/17
DOWNGRADE
BOFA
Neutral
AB InBev downgraded to Neutral from Buy at BofA/Merrill
11/25/16
MACQ
11/25/16
INITIATION
MACQ
Outperform
AB InBev initiated with an Outperform at Macquarie
Macquarie analyst Matthew Webb initiated AB InBev with an Outperform saying combined synergies from the SABMiller deal and exposure to growth markets will drive a re-rating in shares.
11/17/16
11/17/16
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. Lowe's (LOW) downgraded to Market Perform from Outperform at Telsey Advisory. 2. Chipotle (CMG) downgraded to Sell from Neutral at Guggenheim. 3. First Solar (FSLR) downgraded to Underperform from Market Perform at Avondale. 4. AB InBev (BUD) downgraded to Hold from Buy at Investec with analyst Anthony Geard citing weak third quarter results and high cost savings goals from the newly acquired SAB. 5. Atwood Oceanics (ATW) downgraded to Sell from Neutral at Citi and to Equal Weight from Overweight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
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  • 18

    Nov

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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MKSI

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$103.50

-0.35 (-0.34%)

BRCD

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
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WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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  • 28

    Nov

IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
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Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

03/08/13
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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
11/17/17
11/17
17:55
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17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

S&P 500 constituent…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

03/08/13
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  • 06

    Dec

UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
11/17
17:24
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17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

UQM Technologies files to…

03/08/13
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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
11/17/17
11/17
17:23
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17:23
Periodicals
Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
11/17/17
11/17
17:18
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Breaking Hot Stocks news story on Vical »

Biotechnology Value Fund…

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
11/17/17
11/17
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Hot Stocks
Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
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Hot Stocks
Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
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Hot Stocks
Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
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11/17
17:15
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Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
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Breaking Hot Stocks news story on Rubicon »

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ANCB

Anchor Bancorp

$24.75

-0.1 (-0.40%)

17:02
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Anchor Bancorp announces stock repurchase program, 10b5-1 trading plan »

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GIFI

Gulf Island Fabrication

$12.30

-0.1 (-0.81%)

16:58
11/17/17
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16:58
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Syndicate
Breaking Syndicate news story on Gulf Island Fabrication »

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MPB

Mid Penn Bancorp

$31.09

0.59 (1.93%)

16:51
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Mid Penn Bancorp, Scottdale shareholders approve merger »

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CALD

Callidus Software

$28.95

0.3 (1.05%)

16:49
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Initiation
Callidus Software initiated at First Analysis »

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GIFI

Gulf Island Fabrication

$12.30

-0.1 (-0.81%)

16:46
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Breaking Hot Stocks news story on Gulf Island Fabrication »

Piton Capital Partners…

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GE

General Electric

$18.21

-0.04 (-0.22%)

16:42
11/17/17
11/17
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Hot Stocks
General Electric CEO acquires 60,000 common shares »

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NRE

Northstar Realty Europe

$14.20

0.05 (0.35%)

16:33
11/17/17
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16:33
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Syndicate
Breaking Syndicate news story on Northstar Realty Europe »

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  • 28

    Nov

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    Nov

  • 30

    Nov

FHN

First Horizon

$18.40

0.1 (0.55%)

, CBF

Capital Bank

$39.95

0.25 (0.63%)

16:33
11/17/17
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16:33
Hot Stocks
First Horizon, Capital Bank agree to sell two branches to Apex Bank »

First Horizon (FHN) and…

FHN

First Horizon

$18.40

0.1 (0.55%)

CBF

Capital Bank

$39.95

0.25 (0.63%)

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LII

Lennox

$194.25

-0.75 (-0.38%)

16:32
11/17/17
11/17
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Hot Stocks
Lennox executive sells 2,500 common shares »

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  • 28

    Nov

TBNK

Territorial Bancorp

$30.99

0.21 (0.68%)

16:31
11/17/17
11/17
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Hot Stocks
Territorial Bancorp declares special cash dividend of 30c per share »

Payable on December 20.…

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TRTN

Triton International

$40.07

-0.77 (-1.89%)

16:30
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Triton International's Hanau sells 10,000 common shares »

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