AB InBev shares fizz up after it buys Hiball Inc
The terms of the deal were not disclosed on Thursday.
Company
NYSE:BUD
Anheuser-Busch InBev SA/NV is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands. These include global flagship brands Budweiser, Stella Artois and Beck’s; multi-country brands, such as Leffe and Hoegaarden, and many local champions, such as Bud Light, Skol, Brahma, Quilmes, Michelob, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske and Jupiler.
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The terms of the deal were not disclosed on Thursday.
Here's what's moving early on as Wall Street readies to open for business
Belgian beer behemoth Anheuser-Busch is set to heavily invest in its US operations
US stocks ended on a dull note on Thursday, with the Dow making a symbolic record high at the start of the session and then tickers edging further into the red as the day wore on
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US stocks ended lower on Wednesday as the Dow once more attempted and failed to break 20,000
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US stocks ended higher on Wednesday with energy shares posting their biggest one-day gain in eight months, after OPEC collectively agreed to the need to cut production for the first time in eight years
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UBS is somewhat equivocal in its enthusiasm for Belgian beer conglomerate Anheuser-Busch Inbev.
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Jefferies says that the online film and TV platform has lost its first mover advantage, while RBC Capital Markets turns bearish on brewer Anheuser-Busch
Japanese brewer Asahi Group sweeps into Europe with an offer to Anheuser Busch Inbev to snap up SABMiller brands Peroni, Grolsch and Meantime
The two firms have been granted extra time to hash out the finer points of the £68bn deal.
Molson Coors is a bright spot on bid speculation, but otherwise it has been a dull day for stocks.
Investments and investor services
Shares are holding their ground, helped by a little bit of bid speculation
China's imports fell about a fifth in September, data showed
Beers, video games and no overseas holidays ... Tuesday's most followed is reminiscent of bygone student days
Investments and investor services
Data showed China's imports falling a fifth, down for the 11th month in a row
The two brewers agreed a £44 per share deal with a partial share alternative
ABI has proposed to offer £42.15 per share in cash for SABMiller, but the South African brewer's board says it is not enough.
Energy companies are back with a bang as the oil price recovery continues.