RICHMOND, Va.--(BUSINESS WIRE)--Oct. 13, 2015--
Altria Group, Inc. (Altria), the largest shareholder of SABMiller plc
(SABMiller), notes the joint announcement earlier this morning by
Anheuser-Busch InBev (AB InBev) and SABMiller of their agreement in
principle on key terms regarding a possible recommended offer for AB
InBev to acquire SABMiller. At SABMiller’s request, the U.K. Takeover
Panel has extended until October 28, 2015 the relevant Takeover Code
deadline to enable the parties to continue their talks.
Altria is pleased that ABI and SABMiller have taken these steps, and
looks forward to working constructively with both parties.
Altria currently owns approximately 27% percent of SABMiller’s ordinary
shares and has been a SABMiller shareholder since 2002. Altria’s
wholly-owned subsidiaries include Philip Morris USA Inc., U.S. Smokeless
Tobacco Company LLC, John Middleton Co., Nu Mark LLC, Ste. Michelle Wine
Estates Ltd. and Philip Morris Capital Corporation.
The brand portfolios of Altria’s tobacco operating companies include Marlboro®,
Black & Mild®, Copenhagen®, Skoal®,
MarkTen® and Green Smoke®. Ste.
Michelle produces and markets premium wines sold under various labels,
including Chateau Ste. Michelle®, Columbia Crest®,
14 Hands® and Stag’s Leap Wine Cellars™,
and it imports and markets Antinori®, Champagne
Nicolas Feuillatte™, Torres® and
Villa Maria Estate™ products in the United
States. Trademarks and service marks related to Altria referenced in
this release are the property of Altria or its subsidiaries or are used
with permission. More information about Altria is available at
altria.com and on the Altria Investor app.
Forward-Looking and Cautionary Statements
This press release contains forward-looking statements that involve a
number of risks and uncertainties and are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of
1995. Important factors that may cause actual results and outcomes to
differ materially from those contained in the forward-looking statements
included in this press release are described in Altria’s publicly filed
reports, including its Annual Report on Form 10-K for the year ended
December 31, 2014 and its quarterly report on Form 10-Q for the period
ended June 30, 2015. In addition, AB InBev has not announced a firm
intention to make an offer in accordance with the U.K. City Code on
Takeovers and Mergers; accordingly, there can be no certainty either
that an offer will be made or as to the terms on which any offer will be
made. Altria does not undertake to update any forward-looking statements
that it may make except as required by applicable law. All subsequent
written and oral forward-looking statements attributable to Altria or
any person acting on its behalf are expressly qualified in their
entirety by the cautionary statements referenced above. This press
release is non-binding and does not impose or give rise to any legally
binding obligation on Altria Group, Inc. in relation to any offer.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151013005954/en/
Source: Altria Group, Inc.
Altria Client Services
Investor Relations, 804-484-8222