December 31, 2007
Brazil’s AmBev has launched a voluntary offer to purchase any or all outstanding shares of its subsidiary Quilmes Industrial not owned by AmBev or other subsidiaries. The largest brewer in South America will pay $4.0625 per share for 5.48m class A shares and $40.625 for each of about 8.80m Class B shares, including those held as ADS. The offer expires January 30. Following completion, AmBev plans to de-list all of the subsidiary’s A and B shares from the Luxembourg Stock Exchange and all ADS from the New York Stock Exchange.