Grupo Modelo notice not expected to stall merger of Anheuser-Busch, InBev

By Lisa Kerner

Charlotte, N.C., Oct. 3 - Grupo Modelo SAB de CV and its series A shareholders plan to file a notice of arbitration with respect to the proposed merger of Anheuser-Busch Cos., Inc. and InBev SA/NV, it was reported in a form 8-K filed with the Securities and Exchange Commission.

Grupo Modelo and the series A shareholders maintain that the merger will violate provisions of an investment agreement, unless consented to by them.

Anheuser-Busch International Holdings, Inc., which was informed of the notice of arbitration, said it will contest the claims that it believes are without merit.

Anheuser-Busch does not believe the arbitration proceedings will impact the InBev merger, the filing said.

InBev, a Leuven, Belgium-based brewing company, and St. Louis-based brewer Anheuser-Busch agreed in July to combine to form Anheuser-Busch InBev in a deal valued at $52 billion, or $70 per share.

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