Cindy McCain, wife of Republican presidential candidate John McCain, is set to get a huge payout from the sale of Anheuser-Busch Cos., brewer of Budweiser and hundreds of other brands, to Belgian beverage giant InBev NV.
McCain, the heiress to the third-largest Anheuser distributor, owns at a minimum $1 million in the American company, according to John McCain's Senate financial disclosure forms, which don't offer any more information for large assets held by his spouse. Under the deal, she and other stockholders will get a cash payout for the stock, which is owned through her company, Hensley and Co.
Anheuser's stock price opened at $67.55 today, almost a 50% gain over the near $47 price in February when the possibility of a deal was made public. Cashing out could leave the McCains with hefty capital gains, which would be taxed at a rate of 15% under the Bush tax cuts that John McCain opposed and now supports. (Barack Obama has proposed raising the capital gains tax.)