Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Companies  >  All News

News : Companies
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Pomerantz Law Firm Investigates Claims On Behalf of Investors of Anheuser-Busch InBev SA/NV - BUD

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/14/2019 | 10:01am EDT

NEW YORK, July 14, 2019 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Anheuser-Busch InBev SA/NV (“Anheuser-Busch” or the “Company”) (NYSE: BUD).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Anheuser-Busch and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On October 25, 2018, Anheuser-Busch announced its financial results for the quarter and nine month periods ended September 30, 2018, and disclosed to investors that it had slashed its dividend by 50% to “accelerate deleveraging toward our optimal capital structure of around a 2x net debt to EBITDA ratio.”  That same day, Anheuser-Busch held a conference call with analysts and investors wherein Felipe Dutra, the Company’s Chief Financial and Solutions Officer, noted that “in light of recent currency volatility, we are rebasing our dividend payout to accelerate deleveraging towards our optimal capital structure of around 2x[.]” 

On this news, Anheuser-Busch’s American Depositary Share price fell approximately $7.71 per share, or 9.37%, to close at $74.54 per share on October 25, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980


© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
03:23aJUVENTUS FOOTBALL CLUB : De Ligt completes 75 million euro transfer to Juventus
AQ
03:22aEXCLUSIVE : Ping An-backed Lufax to ditch P2P lending amid regulatory woes - sources
RE
03:21aZENITH ENERGY : increases capacity of BD-260 rig for drilling operations in Azerbaijan
AQ
03:20aNASDAQ : welcomes Eco Wave Power to Nasdaq First North
PU
03:20aOPTIBIOTIX HEALTH : Online distribution agreement for SlimBiome® Medical
PU
03:20aEMPIRE RESORTS : 8-k
PU
03:17aREDEYE : Beijer Electronics Group - Expecting a rebound
AQ
03:15aAUDIOBOOM : Half Year Report
PU
03:15aBERTRANDT AG : Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution
EQ
03:10aBANK OF JAPAN : Minutes for the Eighth Meeting of the Cross-Industry Committee on Japanese Yen Interest Rate Benchmarks on June 28, 2019 
PU
Latest news "Companies"
Advertisement