Already impacted by a weaker Yen, Japan’s Asahi Group Holdings (TSE:2502, Financial) dropped further on the acquisition of European beer brands from Anheuser-Busch InBev. Asahi defended the $7.8 billion deal, citing cost benefits and the ability to boost international sales. However, the stock price fell on concerns about the price paid and how the deal would be financed.
From the Polaris Global Value Fund 4th Quarter 2016 Commentary.
