Corona Extra

Modelo confirms it is in talks with A-B InBev

"The families are willing to sell but they want a big price as they see a big boost for AB InBev from owning 100 percent of Modelo," said one banker close to the talks. Modelo shares rose nearly 15 percent on Mexico’s stock exchange. The exchange earlier suspended trading in the shares, after they soared in early trading.

Wall Street Journal broke the story on Sunday while A-B InBev already issued a statement on the matter today.

via Reuters.


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