Altria Group Statement on the Joint Announcement by Anheuser-Busch InBev and SABMiller
October 13 2015 - 7:00AM
Business Wire
Altria Group, Inc. (Altria), the largest shareholder of
SABMiller plc (SABMiller), notes the joint announcement earlier
this morning by Anheuser-Busch InBev (AB InBev) and SABMiller of
their agreement in principle on key terms regarding a possible
recommended offer for AB InBev to acquire SABMiller. At SABMiller’s
request, the U.K. Takeover Panel has extended until October 28,
2015 the relevant Takeover Code deadline to enable the parties to
continue their talks.
Altria is pleased that ABI and SABMiller have taken these steps,
and looks forward to working constructively with both parties.
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.
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