AmBev Announces the Results of the Quinsa Tender Offer
February 12 2008 - 6:47AM
PR Newswire (US)
SAO PAULO, Brazil, Feb. 12 /PRNewswire-FirstCall/ -- Companhia de
Bebidas das Americas - AmBev ("AmBev") (BOVESPA: AMBV4, AMBV3; and
NYSE: ABV, ABVc) announced the expiration of the voluntary offer to
purchase up to 5,483,950 Class A shares and up to 8,800,060 Class B
shares (including Class B shares held as American Depositary Shares
("ADSs")) of its subsidiary Quilmes Industrial (Quinsa), Societe
Anonyme ("Quinsa"), which represent the outstanding Class A shares
and Class B shares (and Class B shares held as ADSs) that are not
owned by AmBev or its subsidiaries. AmBev has accepted for purchase
the 3,136,001 Class A shares and 8,239,536.867 Class B shares
(including 7,236,336.867 Class B shares held as ADSs) of Quinsa,
representing 57% of the outstanding Class A shares and 94% of the
outstanding Class B shares of Quinsa not owned by AmBev or its
subsidiaries, that were validly tendered and not validly withdrawn.
As a result, upon settlement of the offer, which will occur on
February 15, 2008, AmBev's voting interest in Quinsa will be 99.56%
and its economic interest will be 99.26%. WWW.AMBEV-IR.COM Our
investor web site has additional Company financial and operating
information, as well as transcripts of conference calls. Investors
may also register to automatically receive press releases by email
and be notified of Company presentations and events. Statements
contained in this press release may contain information that is
forward-looking and reflects management's current view and
estimates of future economic circumstances, industry conditions,
Company performance, and financial results. Any statements,
expectations, capabilities, plans and assumptions contained in this
press release that do not describe historical facts, such as
statements regarding the declaration or payment of dividends, the
direction of future operations, the implementation of principal
operating and financing strategies and capital expenditure plans,
the factors or trends affecting financial condition, liquidity or
results of operations, and the implementation of the measures
required under AmBev's performance agreement entered into with the
Brazilian Antitrust Authority (Conselho Administrativo de Defesa
Economica - CADE) are forward-looking statements within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995 and
involve a number of risks and uncertainties. There is no guarantee
that these results will actually occur. The statements are based on
many assumptions and factors, including general economic and market
conditions, industry conditions, and operating factors. Any changes
in such assumptions or factors could cause actual results to differ
materially from current expectations. DATASOURCE: Companhia de
Bebidas das Americas - AmBev CONTACT: For additional information,
please contact the Investor Relations Department: Michael Findlay,
+55-11-2122-1415, or Isabella Amui, +55-11-2122-1414, Web site:
http://www.ambev.com.br/ http://www.ambev-ir.com/
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