Altria Has a Big Decision Coming Up
Tobacco giant Altria Group (NYSE: MO) has long held an interest in the alcoholic beverage industry, owning Ste. Michelle Wine Estates and a roughly 10% stake in beer company Anheuser-Busch InBev for years.
Altria sold Ste. Michelle over the summer for $1.2 billion, and now investors are wondering what the company might do with its stake in AB InBev, which is currently worth $11.5 billion. With AB InBev's stock and Altria's stock both still well off of their multiyear highs, here is why selling its stake could reignite Altria's share price.
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Source Fool.com
