Anheuser-Busch InBev (BUD) on Friday announced the expiration of the tender offer by its subsidiary, Anheuser-Busch Mexico Holdings S.R.L. de C.V., to acquire all outstanding shares of Grupo Modelo, S.A.B. de C.V. not already owned by AB InBev for US$9.15 per share in cash.
The tender offer expired at 2:00 p.m., Mexico City time, on May 31. As of the expiration of the tender offer, a preliminary total of about 1.97 billion shares had been tendered into and not withdrawn from the tender offer, representing about 89% of Modelo's outstanding Series C shares not previously owned by AB InBev.
When added to AB InBev's existing ownership interest in Modelo, AB InBev and its affiliates will, following the settlement of the tender offer, own about 95% of Modelo's outstanding shares.
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