Anheuser-Busch in Talks With Grupo Modelo
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Anheuser-Busch Cos., the brewer that received a $46.3 billion takeover offer from InBev NV, is holding preliminary talks with Grupo Modelo SAB, the Wall Street Journal reported, citing people familiar with the matter.
The talks might lead to a combination of the two companies that thwarts InBev’s attempts to purchase Anheuser-Busch and create the world’s largest brewer, the Wall Street Journal said on its Web site.
Anheuser-Busch controls about 50% of Grupo Modelo, Mexico’s largest brewer and the maker of Corona beer.
Anheuser-Busch Cos. rose to a record in New York trading after InBev NV made a $46.3 billion unsolicited cash offer in a bid to form the world’s biggest brewer.
