BRAZIL: InBev secures 54% stake in AmBev
The international brewer InBev today announced the preliminary results of the mandatory tender offer launched on AmBev common shares in Brazil, which started on February 14, 2005 and ended on March 29, 2005, on which date the auction was held in Brazil.
InBev said 1,612,915,545 common AmBev shares have been tendered to the cash option and 1,347,155,632 common AmBev shares have been tendered to the stock-for-stock option.
The AmBev common shares tendered to the cash option and to the stock-for-stock option represent, on an aggregate basis, 81.23 % of the total number of outstanding AmBev common shares concerned by the MTO and will bring the total participation held, directly or indirectly, by InBev in AmBev to a 80.99 % voting interest and a 54.16 % economic interest.
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