09/13/2009 (4:12 pm)
American investors, this BUD’s for you
Come Wednesday, BUD will be back.
Anheuser-Busch InBev, the world’s biggest brewer, said Friday that investors will be able to trade its stock on the New York Stock Exchange. The ticker symbol of the financial instrument: BUD.
That’s a blast from the past. BUD was Anheuser-Busch’s ticker symbol for decades before it was delisted from the New York Stock Exchange in November. That’s when Belgian brewer InBev took over Anheuser-Busch. Anheuser-Busch had been listed on the stock exchange since 1980.
The re-appearance of BUD on the Big Board means U.S. investors will be able to invest in the world’s biggest brewer more easily.
Here’s how it works: Investors will be able to buy and sell Anheuser-Busch InBev’s American depositary receipts, which are securities that allow foreign companies to trade in the U.S. Each ADR represents one ordinary share of Anheuser-Busch InBev common stock, which is traded in Europe.
ADRs allow U.S. investors to invest in foreign companies without undertaking cross-border transactions. The stock exchange listing next week upgrades Anheuser-Busch InBev’s existing ADR program, which launched on July 1.
The brewer’s ADRs, which currently trade in the over-the-counter market, closed Friday at $45.45, up 18 percent since they became available about 2
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.