Dumping Anheuser-Busch InBev SA/NV (BUD) // Belgium tobacco company(???), stock sale suspended (???)

[HeavyAssault]

Wonder if this is going to hit USA at this morning opening??

 

[Kamerad]

Inbev is dumping AB?

 

[IronSkillet]

 

[HeavyAssault]

Sounded like the Belgium company just holds a lot of the stock. Not 100% sure about the 10 seconds they mentioned it on the news.

Anheuser-Busch InBev BUD-4.74%
shares were dropping early on Thursday. It was hit by news that tobacco company
Altria Group MO 0.21% intends to sell down a significant portion of its holding in the Budweiser brewer.

Altria Plans to Sell More Than $2 Billion of AB InBev Stock

(Bloomberg) -- Altria Group Inc. is seeking to sell a portion of its stake in Anheuser-Busch InBev SA for as much as $2.2 billion to help fund its own share repurchases. Most Read from BloombergPutin Says Ukraine Deal Requires Security Pledges for RussiaUS House Passes Bill That Would Force...

finance.yahoo.com