AmBev Announces the Expiration of the Voluntary Offer to Purchase Any and All Outstanding Shares of Its Subsidiary Quilmes Indus
April 19 2007 - 9:59PM
PR Newswire (US)
SAO PAULO, Brazil, April 19 /PRNewswire-FirstCall/ -- Companhia de
Bebidas das Americas - AmBev ("AmBev") (BOVESPA: AMBV4, AMBV3; and
NYSE: ABV, ABVc) announced the final results of the previously
announced voluntary offer made by Beverage Associates Holding Ltd.
("BAH"), a Bahamian corporation and a wholly-owned subsidiary of
AmBev, to purchase up to 6,872,480 Class A shares and up to
8,661,207 Class B shares (including Class B shares held as American
Depositary Shares ("ADSs")) of its subsidiary Quilmes Industrial
(Quinsa), Societe Anonyme ("Quinsa"). The Offer expired at 5:00
p.m., New York City time, on Thursday, April 19, 2007. At the
expiration of the Offer, 2,535,448 Class A shares and 1,618,379
Class B shares (including Class B shares held as ADSs),
representing 0.63% of the voting rights of Quinsa, had been
tendered in and not withdrawn from the Offer. The minimum tender
condition of the Offer, which required that 3,939,387 Class B
shares (including Class B shares held as ADSs) be validly tendered
and not validly withdrawn, was not satisfied and as a result, the
Offer expired and will be withdrawn without BAH purchasing any
Class A shares or Class B shares (including Class B shares held as
ADSs). All Class A shares and Class B shares (including Class B
shares held as ADSs) that were tendered in the Offer will be
returned promptly to the respective holders thereof without any
action required on the part of the holders. The Companies Quinsa is
the largest brewer in Argentina, Bolivia, Paraguay and Uruguay,
having a share of the Chilean market as well. It also is the Pepsi
bottler in Argentina and Uruguay. AmBev is the largest brewer in
Brazil and in South America through its beer brands Skol, Brahma
and Antarctica. AmBev also produces and distributes soft drink
brands such as Guarana Antarctica, and has franchise agreements for
Pepsi soft drinks, Gatorade and Lipton Ice Tea. AmBev has been
present in Argentina since 1993 through Brahma. BAH is a wholly
owned subsidiary of AmBev. For additional information, please
contact the Investor Relations Department: Fernando Tennenbaum
Isabella Amui +55 11 2122-1415 +55 11 2122-1414 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: AmBev CONTACT:
Fernando Tennenbaum, +55 11 2122-1415, or Isabella Amui, +55 11
2122-1414, or , both of AmBev Web site: http://www.ambev.com.br/
http://www.ambev-ir.com/
Copyright