Mum's the word from SABMiller plc CEO Graham Mackay about whether his company has approached Grupo Modelo SAB de CV, according to a Reuters report. The rumored discussions have included the possibility of SABMiller acquiring part or all of the Mexican brewer best known for Corona, if InBev succeeds in its proposed $46.3 billion takeover of Anheuser-Busch Cos.
Anheuser-Busch, which owns 50.2% of Modelo, has also reportedly held talks with Grupo Modelo about an acquisition in an attempt to thwart InBev's offer. The thinking is that a combined Anheuser-Busch and Grupo Modelo would be too costly for InBev. Shortly after the rumors emerged, Modelo CEO Carlos Fernandez resigned from Anheuser-Busch's board of directors.
Mum's the word from SABMiller plc CEO Graham Mackay about whether his company has approached Grupo Modelo SAB de CV, 
