Deal Detail

Anheuser-Busch Companies, Inc. to InBev S.A., InBev SA

EV / LTM EBITDA

12.2x

EV / LTM Sales

Enterprise Value

$60.0B

Primary Source

Goldman Sachs

All Observations

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	fairness opinion	BUD FO	Goldman Sachs	2008	$60.0B	-	12.2x	-	adjusted for Modelo/Tsingtao Net Debt & EBITDA	Open
-	fairness opinion	BREW FO	Goldman Sachs	2019	-	-	12.4x	-	-	Open
-	fairness opinion	MJN FO	Goldman Sachs	2016	$60.7B	-	15.5x	-	unadjusted for Modelo/Tsingtao	Open
-	fairness opinion	WWAV FO	Goldman Sachs	2016	-	-	12.5x	-	-	Open