March 20, 2024 BY Robert Bell

Altria to raise $2.4bn by selling BUD shares

Altria is going to sell 35 million shares of BUD in a public offering at a price of $61.50 per share. It also plans to sell $200m of the stock straight back to Anheuser-Busch. This would give the firm a total of $2.4bn. An option of Anheuser-Busch purchasing an extra 5.25 million shares worth $323m…

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