AB InBev To Pay $20B To Merge With Grupo Modelo

Law360, New York (June 29, 2012, 3:27 PM EDT) -- Anheuser-Busch InBev NV will plunk down $20.1 billion for the half of fellow brewer Grupo Modelo SAB de CV that it doesn't already own, combining industry giants to create a global powerhouse in the ever-consolidating beer world, the companies said Friday.

The agreement answers reports that cropped up throughout the week suggesting the two were nearing a blockbuster deal. Together, the companies will have roughly 40 billion liters in annual beer volume and end the year with revenues of $47 billion.

AB InBev's $9.15-per-share offer represents...
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