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A-B files with SEC to buy 8.1 million of family stock.

A-B files with SEC to buy 8.1M of family stock

Last week Anheuser-Busch Cos., Inc. filed a Registration Statement with the Securities and Exchange Commission covering the sale of approximately 8.1 million shares of Anheuser-Busch common stock by family shareholders participating in the A-B Trust Plan.

The previously announced Anheuser-Busch Trust Plan was established for beneficiaries receiving stock from the estate of August Busch, Jr. or from trusts previously administered by him. Under the plan, those beneficiaries who have agreed to participate will sell shares they elect to sell only through an underwritten secondary offering arranged by the company.

The plan has been implemented to insure that those shares in question do not fall under a singular competitor's control or a company attempting to take a minority control of Anheuser-Busch.

It is anticipated that the offering will take place in early December, a company spokesman said.
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Title Annotation:Anheuser-Busch Cos., Securities and Exchange Commission
Publication:Modern Brewery Age
Date:Dec 4, 1989
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