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after years of partial ownership , anheuser-busch infev,
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after years of partial ownership , anheuser-busch infev,
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beer giant ab inbev said on friday that it would buy the half of mexican firm grupo modelo , maker of corona , which it does not already own for $20.1 billion in cash (16.0 billion euros).the deal will be done on the basis of $9.15 per share , representing a premium of 30.0 percent on the price on june 22 before the first rumours of the transactionfinbev said it expected the operation to generate savings of more than $600 million per year.grupo modelo will retain its name , and its headquarters in mexico .
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anheuser-busch inbev and grupo modelo made it official friday , announcing the former will acquire the 50% stake in the latter it doesn?t already own t both stocks were climbing in new york friday morning , but the biggest boost from the deal went to constellation brands , which has a distribution deal for corona beer and saw its share up by more than a fifth .
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belgian beer company anheuser-busch inbev confirmed it is acquiring the remaining stake in mexican brewer grupo modelo for $9.15 a share in a deal worth $20.1 billion .
Generated 2012-6-30_18:14
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