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NEW YORK, July 14, 2019 (GLOBE NEWSWIRE) – Pomerantz LLP is investigating claims on behalf of investors Anheuser-Busch InBev SA / NV ("Anheuser-Busch" or the "Company") (NYSE: BUD). Investors are advised to contact Robert S. Willoughby at [email protected] or at 888-476-6529 ext. 9980.
The inquiry turns on whether Anheuser-Busch and certain of its officers and / or directors have engaged in securities fraud or other illegal business practices.
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On October 25, 2018, Anheuser-Busch announced its financial results for the quarter and the nine months ended September 30, 2018 and announced to investors that it had reduced its dividend by 50% in order to "accelerate" Deleveraging to reach our optimal capital structure of about This same day, Anheuser-Busch held a conference call with badysts and investors. Felipe Dutra, director of solutions and finance at the company, said that "in the light of recent currency volatility, we are reforming our dividend distribution to accelerate deleveraging towards our optimal capital structure around 2x[.]"
On this news, the price of Anheuser-Busch's American Depositary stock fell by approximately $ 7.71 per share, or 9.37%, to close at $ 74.54 per share on October 25, 2018.
The firm Pomerantz, with offices in New York, Chicago, Los Angeles and Paris, is recognized as one of the leading law firms in the fields of corporate litigation, securities and antitrust. Founded by the late Abraham L. Pomerantz, known as the dean of the clbad action bar, Pomerantz was a pioneer in the field of clbad actions in securities. Today, more than 80 years later, the firm Pomerantz continues the tradition it has established, fighting for the rights of victims of securities fraud, breach of fiduciary duty and malpractice. . The company has recovered numerous multi-million dollar damages on behalf of clbad members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 9980
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