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Jim Dykstra's picture

AB InBev Loses Billions in Market Value After Brexit Vote

AB InBev Brexit

The shockwaves of the Brexit vote are still being felt around the world, including the world of beer. After last Friday's vote, the Dow Jones fell over 600 points, causing considerable loses for many.

Amongst the biggest losers amidst the fiscal carnage was AB InBev (NYSE: BUD), which saw a drop in market share value of 5.7 percent, translating to a loss of $11.9 billion in dollar value.

The news saw some analysts speculating that the news would lead to the collapse of the Belgium-based company's SAB Miller takeover, though shares have since been on the rise, making a large-scale catastrophe unlikely for the company, whose American headquarters is based in St. Louis.