“The Wall Street Journal and Bloomberg are citing sources close to the situation who say a $12 billion deal may be announced this week that would give A-B InBev full ownership of the parent company of Corona Extra and several other Mexican beers. It already owns a 50 percent share of the brewer and controls nine of the company’s 19 board seats,” the article said.
Another Post-Dispatch article suggests that, if the deal goes through, the company might also have to drop one of its other beer brands to bring its corporate market penetration back below 50% and satisfy antitrust concerns. The candidates for sale include Busch, Michelob, Natural Light and more. Watch this space for more details as they emerge.
Group Modelo stock has skyrocketed since the announcement. The shares gained nearly 23 percent on Monday to 117 pesos. InBev stock rose two percent to 56.75 Euros as of 4 p.m. CST.