Japanese beverage maker Asahi Group Holdings announced it would raise up to $1.5 billion in a share offering to help repay loans it took to buy the Carlton & United Breweries (CUB) beer company in Australia for $11 billion.
The company intends to sell up to 157.5 billion yen of shares in Japan and the US.
The offering will be composed of about 20.9 million new shares, a secondary offering of stock, and treasury shares.
The merger will be completed by the fourth quarter of 2020, with Asahi beer brands including Asahi Super Dry, Mountain Goat, and Green Beacon operating under the CUB banner.
According to the Group CEO of Asahi Beverages Oceania, the merger will make it easier for partners and suppliers and suppliers to do business with the company.
Declining beer consumption and a shrinking population prompted Asahi to pursue international growth.


GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Supreme Court Asked to Reinstate Mail-Order Access to Abortion Pill Mifepristone
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Google Secures Pentagon AI Deal for Classified Projects
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 



