Reuters: Global Markets: Grupo Modelo shares rise on AB InBev purchase report

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Grupo Modelo shares rise on AB InBev purchase report Jun 28th 2012, 19:18 MEXICO CITY | Thu Jun 28, 2012 3:18pm EDT MEXICO CITY (Reuters) - Shares in Mexican brewer Grupo Modelo (GMODELOC.MX) shot up on reports that beer giant Anheuser-Busch InBev could announce a deal as soon as Friday to buy out the company. Shares rose as much as 5.1 percent after Reuters reported Belgian-based Anheuser-Busch InBev (ABI.BR) was in advanced talks with family shareholders who control Modelo. Modelo was trading up 3.57 percent at 117.390 pesos per share in afternoon trading.

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