Two InBev nominees sold shares as price rose
As part of its effort to oust the Anheuser-Busch board, Inbev had to tell the SEC about any transactions in A-B shares by the people it wants to put on the board. It’s interesting reading, and it may provide some insight as to what they think is a fair value for the company.
One nominee, James E. Healey, sold 300 shares on June 11, just a week before InBev made its $65-a-share offer public. Healey’s sale price is not disclosed, but A-B shares closed at $58.35 that day. The shares started rallying on May 23 based on widespread speculation that an offer was imminent.
Another nominee, Adolphus A. Busch IV, sold 5,000 shares on May 21, 5,000 on May 23 and 15,000 shares on June 20, two days after InBev went public with its offer. Those sales, however, are a small part of Adolphus’ holdings: He still owns 215,608 shares.
Allen Z. Loren, a third nominee, sold 4,000 shares on May 15, just before the takeover talk got going. The closing price that day was $51.81.
Besides Adolphus Busch, just one other InBev nominee owns any A-B stock. That’s Ernest Mario, who holds 7,405 shares through various family entities.
Healey is a former chief financial officer of Nabisco Group Holdings, Loren is the retired chairman of Dun & Bradstreet and Mario is chairman of Capnia, a development-stage pharmaceutical comopany in Palo Alto, Calif. Adolphus Busch is a local conservationist and real-estate developer and is, of course, the uncle of Chief Executive August Busch IV.




David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page.
Obviously the list of people that Inbev wants to put on the board have been “interviewed” to make sure they are sympathetic to the takeover idea. I am sure they will be “partial” in their considerations…LOL!