:. Food Industry News

Categories: Mergers and Acquisitions

Quinsa Shares Jump 22 pct on InBev Offer

Source: Reuters
28/12/2007

New York, Dec 24 - U.S.-listed shares of Luxembourg-based Quinsa, brewer of Argentine beer Quilmes, soared 22 percent to $81.75 on Monday after AmBev, the Latin American operation of brewing giant InBev, made an offer for the Quinsa shares it does not already own.

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The offer, publicly disclosed over the weekend, is for $81.25 per American Depository Share, or $4.0625 per Class A share and $40.625 per Class B share.

If at least 5,968,722 Class B shares are tendered, the purchase price will be increased to $82.50 per ADS, or $4.125 per Class A share, and $41.25 per Class B share.

Quinsa is a holding company that controls about 93 percent of Quilmes International (Bermuda). The remaining stake is held by AmBev.



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