Mexican beer shares soar after bid for Anheuser

Shares of Mexico’s No. 1 and No. 2 brewers, Modelo and Femsa, jumped on Thursday after Belgian brewer InBev (INTB.BR: Quote, Profile, Research) bid $46.3 billion for U.S. brewer Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research).

Modelo (GMODELOC.MX: Quote, Profile, Research), maker of Corona beer and half-owned by Anheuser, opened up 8.1 percent to 59 pesos, but then pared its gains to 3.35 percent at 56.10 pesos.”*

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