NEW YORK, — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased the American Depositary Receipts (“ADR’s”) of Anheuser-Busch InBev SA/NV (“Anheuser-Busch” or the “Company”) (NYSE: BUD) from March 1, 2018 through October 24, 2018, inclusive (the “Class Period”).
Investors who purchased the ADR’s of Anheuser-Busch InBev SA/NV are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website www.whafh.com.
If you have incurred losses in the ADR’s of Anheuser-Busch InBev SA/NV, you may, no later than August 20, 2019, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Anheuser-Busch InBev SA/NV.
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According to the filed complaint defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
On October 25, 2018, the Company cut its dividend by 50% to “accelerate deleveraging toward [its] optimal capital structure of around 2x net debt to EBIDTA ratio.” During a conference call on this same day with investors and analysts, the Company’s Chief Financial and Solutions Officer reaffirmed the need to cut the dividend due to “currency volatility.”
On this news, the Company’s ADR price fell $7.71, or more than 9%, to close at $74.54 on October 25, 2018.
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.