Company Website:
http://www.altria.com
RICHMOND, Va. -- (Business Wire)
Altria Group, Inc. (Altria) (NYSE:MO), SABMiller plc’s (SABMiller)
largest shareholder, notes that Anheuser-Busch InBev (AB InBev) has
announced today a proposal for a cash offer for SABMiller at £42.15per
ordinary share, with a partial share alternative, as described in AB
InBev’s announcement.
Altria believes that a combination of these two companies would create
significant value for all SABMiller shareholders. Altria supports a
proposal of £42.15, or higher, with a partial share alternative, and,
subject to finalization of terms, would be prepared to elect the partial
share alternative. Altria urges SABMiller’s board to engage promptly and
constructively with AB InBev to agree on the terms of a recommended
offer.
Altria’s Profile
Altria currently owns approximately 27% percent of SABMiller’s ordinary
shares and has been a SABMiller shareholder since 2002. Altria’s
wholly-owned subsidiaries include Philip Morris USA Inc., U.S. Smokeless
Tobacco Company LLC, John Middleton Co., Nu Mark LLC, Ste. Michelle Wine
Estates Ltd. and Philip Morris Capital Corporation.
The brand portfolios of Altria’s tobacco operating companies include Marlboro®,
Black & Mild®, Copenhagen®, Skoal®,
MarkTen® and Green Smoke®. Ste.
Michelle produces and markets premium wines sold under various labels,
including Chateau Ste. Michelle®, Columbia Crest®,
14 Hands® and Stag’s Leap Wine Cellars™,
and it imports and markets Antinori®, Champagne
Nicolas Feuillatte™, Torres® and
Villa Maria Estate™ products in the United
States. Trademarks and service marks related to Altria referenced in
this release are the property of Altria or its subsidiaries or are used
with permission. More information about Altria is available at
altria.com and on the Altria Investor app.
Forward-Looking and Cautionary Statements
This press release contains forward-looking statements that involve a
number of risks and uncertainties and are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Important factors that may cause actual results and outcomes to
differ materially from those contained in the forward-looking statements
included in this press release are described in Altria’s publicly filed
reports, including its Annual Report on Form 10-K for the year ended
December 31, 2014 and its quarterly report on Form 10-Q for the period
ended June 30, 2015. In addition, AB InBev has not announced a firm
intention to make an offer in accordance with the U.K. City Code on
Takeovers and Mergers; accordingly, there can be no certainty either
that an offer will be made or as to the terms on which any offer will be
made. Altria does not undertake to update any forward-looking statements
that it may make except as required by applicable law. All subsequent
written and oral forward-looking statements attributable to Altria or
any person acting on its behalf are expressly qualified in their
entirety by the cautionary statements referenced above. This press
release is non-binding and does not impose or give rise to any legally
binding obligation on Altria Group, Inc. in relation to any offer.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151006007059/en/
Contacts:
Altria Client Services
Investor Relations, 804-484-8222
or
Media
Relations, 804-484-8897
Source: Altria Group, Inc.
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