From Anheuser-Busch:
Anheuser-Busch InBev (Euronext: ABI; NYSE: BUD) today announced the completion of the mergers of Diblo, S.A. de C.V. and Dirección de Fábricas, S.A. de C.V. with and into their affiliate, Grupo Modelo, S.A.B. de C.V. (BMV: GMODELOC). Following the mergers, AB InBev's economic interest in the Grupo Modelo companies remains largely unchanged at 50.3% and AB InBev has the right to appoint a tenth director on Grupo Modelo's 20-person Board of Directors.
As previously announced, in the coming days, AB InBev will commence a tender offer to acquire all of the outstanding shares of Grupo Modelo that it does not already own at a price of USD 9.15 per share.
AB InBev expects to complete the transaction in June 2013.
Once the tender offer has been completed and the transaction has closed, Ricardo Tadeu, currently Business Unit President for Brazil, will be appointed as Zone President Mexico and Chief Executive Officer of Grupo Modelo. Mexico will become AB InBev's seventh Zone.
.
0 comments (click to read or post):
Post a Comment
Please leave a comment...I do moderate each comment so it may not appear immediately...and please be nice! You can also comment using Disqus (below) or even comment directly on Facebook (bottom).