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By stan_sipple

Anheuser-Busch takes its shares off London Stock Exchange trading. ST Louis Business Journal. Due to low trading volumes, Anheuser-Busch Cos. Inc. has requested to delist its shares from the Official List of the United Kingdom Listing Authority and to have the admission to trading of its shares on the London Stock Exchange canceled, the company said Monday. A-B said in a release it requested the delisting to reduce compliance costs. The company said it believes the delisting and cancellation of its shares to trading will not adversely affect its shareholders. The moves will take effect April 29, A-B said.

A-B said it is its current intention to seek a further listing of its shares on Euronext Paris in the future.

The company's common stock will continue to be traded on the New York Stock Exchange and on the SWX Swiss Exchange.

St. Louis-based Anheuser-Busch Cos. Inc. (NYSE: BUD), through its Anheuser-Busch Inc. subsidiary, is the leading domestic brewer, holding a 48.5 percent share of U.S. beer sales. The company also manufactures and recycles aluminum cans and operates theme parks.

Full post as published by Showmeblawgs on April 27, 2008 (boomark / email).

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