Anheuser Busch Inbev SA (ADR) (NYSE:BUD) Stabilizes After Brexit Hit

tags: BUD

After a climb in March we have seen the stock of Anheuser Busch Inbev SA (ADR) (NYSE:BUD) go up and down the charts in the past couple of months. Most recently, the ticker has received a serious hit after the Brexit vote and dropped 5.49% in the day following the referendum.

It’s not surprising that the biggest beermaker in the world will be affected by the record 31-year low of the pound, but there was also a positive side of things. BUD will be at the center of the largest deal of 2015 with SABMiller in a cash and stock takeover deal. The drop in the U.K. currency has also lowered the value of BUD’s offer from $110.4 billion to $110.4 billion, which isn’t to the liking of U.S. based SABMiller investors, who own about 20% of the company’s float.

This turn of events might be a reason to push BUD to a quicker recovery in the charts. The deal is set to close in this half of the year, which is almost over, so we might not see the pound recover and U.S. investors might not get the payoff that they expected.

Meanwhile, shareholders of BUD may be in for a treat in the sessions to come. The company stock is already $3.32 up the charts in today’s trading and things are looking bright.