InBev Finesses Modelo Deal
Anheuser-Bush InBev changed the terms of its proposed $20.1 billion acquisition of Mexican brewer Grupo Modelo Thursday in an attempt to push through a deal that federal regulators say will kill competition. AB InBev is willing to sell Modelo's Piedras Negras brewery and give perpetual rights for Corona and the Modelo brands in the U.S. to Constellation for $2.9 billion. The brewery makes Corona, Corona Light and Modelo Especial. It will give Constellation total control over the production of Corona and Modelo in the U.S.