Altria Plans to Sell a Chunk of its ABI Stock

Dear Client: Altria Group announced yesterday that it intends to sell a portion of its investment in Anheuser-Busch InBev. The tobacco company – which currently holds around 197 million shares of ABI, representing approximately 10% ownership – said it plans to sell 35 million shares (about 18% of its own stake, worth more than $2 billion) in a global secondary offering. In connection with the offering, Altria expects to “grant the underwriters an option to purchase up to 5.25 million