News

US: Quinsa shares to be removed from NYSE

Most popular

"Europe is so primed for hard seltzer" - interview

The just-drinks analyst returns

Interview - Rima Sawaya, Kahlua brand manager

Beer awards - What's the point? - comment

The just-drinks analyst returns

MORE

AmBev has been informed that trading in the shares of its subsidiary Quinsa has been suspended in the US.

The announcement, made by the New York Stock Exchange yesterday (14 February), follows the closure of AmBev's tender offer this week for the outstanding shares it does not already own in Quinsa.

The NYSE said it will now make an application to the US Securities and Exchange Commission to delist the American Depositary Shares. The stock exchange said that it normally considers suspending and removing the listing of a company when the number of outstanding shares is less than 600,000.

Quinsa had advised the NYSE that only 114,311 ADSs remained outstanding after the closure of the public tender offer. Earlier this week, AmBev said that, upon settlement of the offer, its voting interest in Quinsa will be 99.56% and its economic interest will be 99.26%.

Quinsa represents AmBev's brewing interests in Argentina.


Related Content

How COVID is opening up aged spirits to a whole new world - comment

How COVID is opening up aged spirits to a whole new world - comment...

FREE TO READ - just-drinks' Mergers & Acquisitions database - January 2019

FREE TO READ - just-drinks' Mergers & Acquisitions database - January 2019...

FREE TO READ - just-drinks' Mergers & Acquisitions database - November 2019

FREE TO READ - just-drinks' Mergers & Acquisitions database - November 2019...

Gruppo Campari confirms US$760m Marnier-Lapostolle takeover

Gruppo Campari confirms US$760m Marnier-Lapostolle takeover...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?