AB InBev (BUD) amends the terms of its $20.1B proposal to acquire the 50% of Modelo it doesn't...

|By:, SA News Editor

AB InBev (BUD) amends the terms of its $20.1B proposal to acquire the 50% of Modelo it doesn't own as it looks to allay U.S. antitrust concerns. AB InBev says it will sell the Mexican company's Piedras Negras brewery to Constellation Brands (STZ) and give the latter perpetual rights to sell Corona and other Modelo brands in the U.S.  in a deal worth $2.9B. And as originally planned, Constellation will buy the 50% of Crown Imports it doesn't own from Modelo for $1.85B. (PR)