Skip to content
ChickenStockChickenStock
ResearchFilings

AI English summary of an SEC filing — figures as filed

Altria logoAltria MO

The company agreed to sell 35,000,000 Anheuser-Busch InBev SA/NV (ABI) ordinary shares to the underwriters. 12,250,000 ADSs were priced at $59.9625 each, and 22,750,000 ordinary shares at €54.76575 each. The public offering price was $61.50 per ADS, and the offering closed on March 19, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company agreed to sell 35,000,000 Anheuser-Busch InBev SA/NV (ABI) ordinary shares to the underwriters. 12,250,000 ADSs were priced at $59.9625 each, and 22,750,000 ordinary shares at €54.76575 each. The public offering price was $61.50 per ADS, and the offering closed on March 19, 2024.

  2. The company entered into a share sale agreement with ABI on March 13, 2024 for $200 million of ordinary shares. It said it completed the sale of 3,335,417 shares to ABI on March 19 at $59.9625 per share. The agreement was conditioned on the closing of the 2nd offering and other customary conditions.

  3. The company said it held about 197 million ABI shares (about 10%) as of March 13, 2024, and that it held about 159 million shares (about 8.1%) after completion of the 2nd offering and the repurchase on March 19.

  4. The company entered into accelerated share repurchase agreements totaling $2.4 billion with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC on March 15, 2024. It said its existing share repurchase program was expanded to $3.4 billion and is expected to be completed by December 31, 2024.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Anheuser-Busch InBev SA/NV 35,000,000 Ordinary Share 2nd Offering

The company agreed to sell 35,000,000 Anheuser-Busch InBev SA/NV (ABI) ordinary shares to the underwriters. 12,250,000 ADSs were priced at $59.9625 each, and 22,750,000 ordinary shares at €54.76575 each. The public offering price was $61.50 per ADS, and the offering closed on March 19, 2024.

Source · Based on the filing body and exhibits

Share Repurchase of $200 million Completed With ABI

The company entered into a share sale agreement with ABI on March 13, 2024 for $200 million of ordinary shares. It said it completed the sale of 3,335,417 shares to ABI on March 19 at $59.9625 per share. The agreement was conditioned on the closing of the 2nd offering and other customary conditions.

Source · Based on the filing body and exhibits

Altria's ABI stake to about 8.1% from about 10%

The company said it held about 197 million ABI shares (about 10%) as of March 13, 2024, and that it held about 159 million shares (about 8.1%) after completion of the 2nd offering and the repurchase on March 19.

Source · Based on the filing body and exhibits

Company Enters $2.4 billion ASR Program

The company entered into accelerated share repurchase agreements totaling $2.4 billion with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC on March 15, 2024. It said its existing share repurchase program was expanded to $3.4 billion and is expected to be completed by December 31, 2024.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.