Altria to Sell Part of Stake in Anheuser-Busch InBev, Use Proceeds for Additional Stock Buybacks

Altria intends to sell a portion of its 10% stake in Anheuser-Busch InBev (ABI) through a global secondary offering of ABI shares
Altria will offer 35 million ABI ordinary shares in the offering and grant underwriters an option to purchase additional 5.25 million shares
ABI has agreed to repurchase $200 million of its shares from Altria, conditional on the offering's completion
Altria has agreed to a 180-day lockup period for its remaining ABI shares after the offering
Altria expects to use the offering proceeds for additional share repurchases of its own stock, subject to its Board's discretion