Banking, finance, and taxes
Budweiser Returns For US Investors (BUD, TAP, SAM, HOOK)
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Budweiser is back for US investors. It has been some time that US investors have been able to invest in an large beer company since Anheuser-Busch was acquired by InBev. But it is coming back to a US-stock-listing. Anheuser-Busch InBev has announced that starting Wednesday, September 16, its ADR will list on the NYSE under the old “BUD” ticker. The NYSE listing upgrades the company´s existing Level I ADR program, which was launched on July 1, 2009.
It has been hard for US investors to invest in the beer market. Molson Coors Brewing Company (NYSE: TAP) was the largest, and despite its Denver HQ many are under the impression that they are investing in the Canadian Molson beer company since Coors and Molson merged. Besides that for US-beer plays, investors have only had Boston Beer Co. Inc. (NYSE: SAM) with a small $550 million market cap and the micro-cap stock Craft Brewers Alliance Inc. (NASDAQ: HOOK) to invest in with its $57 million market cap.
Following the Peter Lynch mantra, investors can once again invest in the company of a brand they regularly use.
JON C. OGG
September 11, 2009
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