Sao Paulo, Jan. 28 - Companhia de Bebidas das Americas - AmBev announced that, as of close of business on January 28, 2008, 6,277,001 Class B shares (including Class B shares held as ADSs) of its subsidiary Quilmes Industrial (Quinsa), Societe Anonyme ("Quinsa"), representing 71.3% of the outstanding Class B shares of Quinsa not owned by AmBev or its subsidiaries, had been tendered in and not withdrawn from the voluntary offer made by AmBev, which exceeds the threshold of 5,968,722 Class B shares (including Class B shares held as ADSs) at which AmBev agreed to increase the tender offer price.
Therefore, the tender offer price has been increased to U.S.$4.125 per Class A share, U.S.$41.25 per Class B share and U.S.$82.50 per ADS pursuant to the terms and conditions of the Offer to Purchase (as defined below).
Further, in order to comply with applicable law, the offer period has been extended until 5:00 p.m. NY time (11:00 p.m. Luxembourg time) on February 11, 2008.
All terms and conditions of the offer and of the price increase are described in the Offer to Purchase, which was filed with the U.S. Securities and Exchange Commission (the "SEC") on December 28, 2007, and on its amendment which will be filed with the SEC on January 29, 2008.