Retailers, consumers and prices
Check out the return of the “BUD” stock trading symbol.
Anheuser-Busch InBev shares will start trading in New York on Wednesday as U.S.-listed shares, or American Depositary Receipts under the former Anheuser-Busch symbol, a nod to its Budweiser beer label. The return to the New York Stock Exchange comes 10 months after Belgium’s InBev acquired the iconic U.S. brewer and moved its primary stock listing to Belgium.
Anheuser-Busch InBev was formed late last year when InBev, the Belgian maker of Stella Artois and Beck’s, bought St. Louis-based Anheuser for $52 billion to create the world’s largest brewer. Since then, the company announced plans to open an office in New York and has begun reporting quarterly results in U.S. dollars, signaling a greater interest in the U.S. equity market, analysts said.
Investors can only hope the BUD shares will trade as well as Anheuser-Busch InBev shares in Europe, where they have more than tripled in value since late November.
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Recession Dims Stars’ Style Power (Wall Street Journal)
Istithmar Vows to Support Barneys as Rumors Swirl (WWD, subscription required)