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| Anheuser-Busch InBev grabs hold of Corona | ||
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Moderators: Andy, Ken, Hayduke
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| Jay Theriot |
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American-Style Lager Specialist  Registered Member #113 Joined: Thu Jun 18 2009, 04:42PMCity & State: Laplace, Louisiana Posts: 2042 Thanked 370 times in 297 posts | Mexico's largest brewer Grupo Modelo, which Anheuser-Busch Cos. once eyed as a possible savior in its failed attempt to thwart InBev's takeover, is being acquired by that same Belgian company for $20.1 billion. The deal, announced early Friday morning, adds Corona to Anheuser-Busch InBev's trio of global flagship brands, which includes Budweiser, Stella Artois and Beck's. And A-B InBev, already the world's largest brewer, gets even bigger. Once the deal closes, the company will be larger than it's two largest competitors, SABMiller and Heineken, combined. The Belgian brewer currently owns a 50 percent stake in Modelo that it acquired when the Belgian company took over Anheuser-Busch in 2008. Under the deal, it will buy the remaining stake at a purchase price of $9.15 per Modelo share. -Website Link-  | ||
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