Breaking news: “BUD” to reappear - on the New York Stock Exchange
[Get our Twitter updates here.]
Anheuser-Busch InBev announced today that on Wednesday, Sept. 16, its American depository receipts will begin trading on the New York Stock Exchange under the symbol “BUD“.
That’s a blast from the past. “BUD,” Anheuser-Busch’s old ticker symbol, was delisted from the NYSE after Belgian brewer InBev took over the company in November.
The re-appearance of BUD on the big exchange means U.S. investors will be able to invest in the world’s biggest brewer even more easily. The company’s ADR, which closely tracks the actual stock price, allows U.S. investors to invest in foreign companies without undertaking cross-border transactions and all the messiness they entail.
The NYSE listing upgrades the company’s existing Level I ADR program, which was launched on July 1. Each ADR represents one ordinary share of Anheuser-Busch InBev common stock.
Anheuser-Busch InBev ordinary shares will continue to trade on Euronext Brussels, the company’s primary listing, under the symbol “ABI.”
“Listing on the NYSE is another important step in facilitating broader ownership of Anheuser-Busch InBev shares in the U.S. capital markets and reflects the company’s global presence,” Felipe Dutra, chief financial officer, said in a statement. “We are proud to bring back to the NYSE the widely recognized “BUD” symbol which now represents a truly global entity.”
Check out our Sunday story in the St. Louis Post-Dispatch about whether you should invest in Anheuser-Busch InBev.
(No Ratings Yet)
Loading ...
Jeremiah McWilliams is a native Virginian who came to the Post-Dispatch in early 2007 to cover beer and other consumer products. He previously covered manufacturing for the Virginian-Pilot newspaper in Norfolk, Va. He is a graduate of Washington and Lee University. 
The time to invest in inbred has come and gone………When it was 9 euro after the purchase a/b was the time to buy, you could have sold at 29 euro and made out.Its time now to sit back and watch the ponzi scheme colapse
A blast from the past? A whole 10 months ago is a blast from the past? When I was in my early 20s, I probably had dishes in the sink for longer than that.
Good point can-man, and LOL b…
“It will be easier to buy stock in the company now.” No , Its just that no one wanted to buy it. If it starts selling now give it time so when the excutives spend their last bonus on the stock making it apear to be selling well, then if it keeps selling they have a point. However I believe in what can-man said.
Do I have 120 days to pay for it?
ZZZZZZZZZZZZzzzzzz….who cares! I don’t drink Belgium beer!
I guess YUK was taken????
Let’s see: zzzzzzzzzzzzzz; who cares; YUK is good; ad DRINK MILLER LITE.
I can do the same for you without you buying this stock. You give me you’r money. I will kick you in you’r private area and then go take a long vacation on you’r money. Same end results.