Is Altria Giving Up on Anheuser-Busch (BUD) Stock?

Anheuser-Busch (NYSE:BUD) stock is in the news Thursday as investors react to news of tobacco company Altria (NYSE:MO) selling a portion of its stake in the beer manufacturer.Altria has announced that it will be selling 35 million shares of BUD stock. This offering will also allow underwriters to acquire another 5.25 million shares within 30 days of the sale.Altria notes that it intends to use the funds from this BUD stock offering to repurchase shares of its own stock. To go along with this, Anheuser-Busch ...