Anheuser Busch Inbev SA To Acquire Remaining Stake In Grupo Modelo SA de CV

Anheuser Busch Inbev SA and Grupo Modelo, S.A.B. de C.V. announced that they have entered into an agreement under which Anheuser-Busch InBev will acquire the remaining stake in Grupo Modelo that it does not already own for USD9.15 per share in cash in a transaction valued at USD20.1 billion or MXN278.6 billion. As part of these transactions, Diblo, S.A. de C.V., the holding company for Grupo Modelo's operating subsidiaries, and Direccion de Fabricas (DIFA), S.A. de C.V. will merge into parent Grupo Modelo for newly issued Grupo Modelo shares. Immediately after the mergers of Diblo and DIFA, AB InBev will commence an all-cash tender offer for all of the outstanding shares of Grupo Modelo that it will not own at that time for a total consideration of USD20.1 billion or USD9.15 per share. Both companies' Boards of Directors have approved the transaction. It is expected to close during the first quarter of 2013.