AB InBev launches tender offer for Modelo

Anheuser-Busch InBev said a subsidiary has begun its planned tender offer of $9.15 a share in cash for the half of Grupo Modelo that it doesn’t already own,

the

St. Louis Business Journal

reported.

The offer will expire on May 31, unless extended. AB InBev said it will establish a trust to accept further tenders of shares by Modelo shareholders for up to 25 months after the tender offer closes, the article said.

Earlier, AB InBev announced the completion of several mergers of Grupo Modelo affiliates, the article said. (Source:

St. Louis Business Journal,

May 1, 2013.)