SABMiller stays mum on Modelo
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.
InBev is trying to oust Anheuser-Busch's board of directors, prompting Anheuser-Busch to reject InBev's takeover bid last week and to announce a restructuring. - Maria Woehr
Anheuser-Busch announces restructuring to up the ante?
See Corporate Dealmaker: Would Budweiser make a good global flagship brand?
See Dealscape: Anheuser-Busch rejection letter to InBev
See TheDeal.com: Anheuser-Busch rejects InBev
See TheDeal.com: Bud for InBev at $65 per share?
- No bonus for AIG execs as bidders for assets line up
- Everyone wants to hide under the TARP, except for shareholders
- Crisis Dashboard: LIBOR, VIX, TED Spread, Dow
- For Icahn, Exelixis marks the biotech spot
- Inside The Deal: RBS Greenwich Capital's James Kuster on dealmaking in 2009







