No. 1 Brewer Nears Deal For Modelo

Anheuser-Busch InBev is nearing a deal to buy the half of Grupo Modelo that it does not already own, according to people briefed on the matter, giving the global brewing giant control over the maker of Corona Extra beer. A deal could cost Anheuser-Busch InBev more than $12 billion, given Modelo’s stock market value of roughly $23 billion. A transaction could be announced as soon as this week, some of these people said, though they cautioned that talks were continuing and could falter. Nego…

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